Radware (NASDAQ:RDWR) Sets New 1-Year High - Should You Buy?

Radware Ltd. (NASDAQ:RDWR - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.47 and last traded at $29.33, with a volume of 4885 shares traded. The stock had previously closed at $29.17.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their target price on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st.

Radware Stock Up 2.5%

The firm has a market capitalization of $1.30 billion, a P/E ratio of 112.69 and a beta of 0.99. The company's 50 day moving average is $25.04 and its 200-day moving average is $23.11.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $72.08 million for the quarter, compared to the consensus estimate of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. On average, analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Radware

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Radware by 34.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,660 shares of the information technology services provider's stock worth $1,885,000 after acquiring an additional 21,252 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Radware by 424.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock valued at $1,169,000 after purchasing an additional 42,009 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Radware during the first quarter valued at about $2,127,000. Barclays PLC increased its holdings in Radware by 179.9% during the 4th quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock worth $992,000 after acquiring an additional 28,329 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Radware by 19.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 158,574 shares of the information technology services provider's stock worth $3,573,000 after purchasing an additional 25,907 shares during the period. Institutional investors own 73.12% of the company's stock.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.