Radware (NASDAQ:RDWR) Hits New 12-Month High - What's Next?

Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $28.70 and last traded at $28.83, with a volume of 22091 shares. The stock had previously closed at $28.25.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price objective on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, March 31st.

Radware Stock Down 0.3%

The stock has a 50-day moving average of $24.25 and a 200 day moving average of $22.89. The company has a market capitalization of $1.24 billion, a PE ratio of 107.57 and a beta of 0.93.

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

Institutional Trading of Radware

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of Radware by 2.4% in the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider's stock worth $813,000 after acquiring an additional 855 shares during the period. Geode Capital Management LLC grew its position in Radware by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider's stock worth $1,795,000 after acquiring an additional 902 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Radware by 10.1% in the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock valued at $248,000 after acquiring an additional 1,007 shares during the period. Deutsche Bank AG boosted its stake in shares of Radware by 5.6% during the fourth quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 1,040 shares during the period. Finally, Inceptionr LLC raised its position in Radware by 8.6% during the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock valued at $332,000 after purchasing an additional 1,161 shares in the last quarter. 73.12% of the stock is owned by institutional investors.

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.