Liberty Wealth Management LLC purchased a new position in shares of Radware Ltd. (NASDAQ:RDWR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,894 shares of the information technology services provider’s stock, valued at approximately $159,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Radware by 5,510.0% during the first quarter. Bank of Montreal Can now owns 1,122 shares of the information technology services provider’s stock worth $30,000 after buying an additional 1,102 shares during the last quarter. Barclays PLC raised its stake in shares of Radware by 52,980.0% during the first quarter. Barclays PLC now owns 5,308 shares of the information technology services provider’s stock worth $138,000 after buying an additional 5,298 shares during the last quarter. Royal Bank of Canada increased its stake in Radware by 21.0% in the first quarter. Royal Bank of Canada now owns 5,971 shares of the information technology services provider’s stock valued at $156,000 after purchasing an additional 1,035 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Radware in the second quarter valued at approximately $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Radware by 22.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,434 shares of the information technology services provider’s stock valued at $229,000 after purchasing an additional 1,354 shares in the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on RDWR shares. Colliers Securities raised shares of Radware from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, July 28th. Oppenheimer upped their target price on shares of Radware from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Zacks Investment Research downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Wednesday, September 29th. Finally, Needham & Company LLC upped their target price on shares of Radware from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $37.40.
Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, July 28th. The information technology services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.13. The company had revenue of $69.67 million during the quarter, compared to analysts’ expectations of $66.15 million. Radware had a net margin of 5.53% and a return on equity of 5.27%. On average, equities research analysts forecast that Radware Ltd. will post 0.46 EPS for the current fiscal year.
Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. Its products include application and network security, and application delivery. The application and network security offers real-time network and application attack mitigation solution that protects the application infrastructure against network and application downtime, application vulnerability exploitation, malware spread, information theft, web service attacks, and web defacement.
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