Herald Investment Management Ltd continued to hold its stake in Radware Ltd. (NASDAQ:RDWR) during the first quarter, Holdings Channel reports. The firm owned 776,000 shares of the information technology services provider’s stock at the end of the first quarter. Radware comprises 4.6% of Herald Investment Management Ltd’s investment portfolio, making the stock its 3rd largest position. Herald Investment Management Ltd’s holdings in Radware were worth $12,540,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of RDWR. Morgan Stanley boosted its stake in Radware by 33.6% in the third quarter. Morgan Stanley now owns 1,924,348 shares of the information technology services provider’s stock valued at $26,440,000 after buying an additional 483,761 shares during the period. Harber Asset Management LLC boosted its position in shares of Radware by 22.5% in the third quarter. Harber Asset Management LLC now owns 249,268 shares of the information technology services provider’s stock worth $3,425,000 after buying an additional 45,814 shares during the last quarter. State Street Corp boosted its position in shares of Radware by 22.9% in the fourth quarter. State Street Corp now owns 227,212 shares of the information technology services provider’s stock worth $3,314,000 after buying an additional 42,349 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Radware by 164.0% in the fourth quarter. Renaissance Technologies LLC now owns 289,300 shares of the information technology services provider’s stock worth $4,218,000 after buying an additional 179,700 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Radware by 56.4% in the fourth quarter. Two Sigma Investments LP now owns 234,618 shares of the information technology services provider’s stock worth $3,421,000 after buying an additional 84,607 shares during the last quarter. Institutional investors and hedge funds own 62.31% of the company’s stock.
Shares of Radware Ltd. (NASDAQ:RDWR) opened at 17.761 on Thursday. The stock’s 50 day moving average price is $16.68 and its 200-day moving average price is $15.33. The stock’s market capitalization is $767.72 million. Radware Ltd. has a 12 month low of $10.68 and a 12 month high of $17.80.
Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Tuesday, April 25th. The information technology services provider reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Radware had a negative net margin of 4.40% and a negative return on equity of 0.84%. The business had revenue of $48.90 million for the quarter, compared to analyst estimates of $47.87 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Radware Ltd. will post $0.16 earnings per share for the current fiscal year.
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RDWR has been the topic of a number of research analyst reports. Oppenheimer Holdings Inc. set a $17.00 target price on Radware and gave the company a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research raised Radware from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Wednesday, April 26th. Needham & Company LLC raised their price objective on Radware from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Dougherty & Co raised Radware from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.50 to $18.50 in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.50 price objective on shares of Radware in a research report on Friday, March 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.07.
Radware Company Profile
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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