Asset Management One Co. Ltd. increased its position in Radware Ltd. (NASDAQ:RDWR) by 41.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,470 shares of the information technology services provider’s stock after purchasing an additional 2,500 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Radware were worth $181,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Citigroup Inc. grew its stake in Radware by 171.9% in the first quarter. Citigroup Inc. now owns 9,193 shares of the information technology services provider’s stock worth $197,000 after purchasing an additional 5,812 shares in the last quarter. Quadrature Capital Ltd bought a new position in Radware in the fourth quarter worth approximately $259,000. ARK Investment Management LLC bought a new position in Radware in the fourth quarter worth approximately $288,000. Cavalier Investments LLC bought a new position in Radware in the first quarter worth approximately $357,000. Finally, Sphera Funds Management LTD. bought a new position in Radware in the first quarter worth approximately $389,000. 62.51% of the stock is currently owned by institutional investors.
Radware opened at $25.05 on Friday, Marketbeat.com reports. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -208.75, a P/E/G ratio of 23.64 and a beta of 0.92. Radware Ltd. has a twelve month low of $15.82 and a twelve month high of $25.28.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, May 2nd. The information technology services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $54.50 million during the quarter, compared to analyst estimates of $54.10 million. Radware had a negative return on equity of 1.21% and a negative net margin of 2.03%. Radware’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. equities analysts forecast that Radware Ltd. will post 0.06 EPS for the current year.
Several research analysts recently issued reports on the company. BidaskClub raised Radware from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. ValuEngine raised Radware from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Barclays set a $25.00 price objective on Radware and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Radware currently has a consensus rating of “Buy” and a consensus price target of $23.33.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
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