ARK Investment Management LLC Decreases Stake in Radware Ltd. (NASDAQ:RDWR)

ARK Investment Management LLC reduced its holdings in Radware Ltd. (NASDAQ:RDWR - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,733 shares of the information technology services provider's stock after selling 34,762 shares during the period. ARK Investment Management LLC owned about 0.19% of Radware worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RDWR. R Squared Ltd acquired a new stake in Radware in the 4th quarter valued at $62,000. Point72 Asset Management L.P. increased its stake in Radware by 78.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider's stock worth $263,000 after buying an additional 5,200 shares in the last quarter. Barclays PLC boosted its stake in shares of Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider's stock worth $350,000 after acquiring an additional 9,112 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Radware by 3.0% during the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock worth $358,000 after purchasing an additional 468 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Radware in the 3rd quarter valued at $366,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a report on Friday, February 14th.

Remove Ads

Radware Stock Down 4.0 %

RDWR traded down $0.90 during trading on Friday, reaching $21.64. The company's stock had a trading volume of 311,940 shares, compared to its average volume of 132,109. The company has a market cap of $908.77 million, a price-to-earnings ratio of 154.58 and a beta of 0.96. The firm has a fifty day simple moving average of $22.53 and a two-hundred day simple moving average of $22.46. Radware Ltd. has a 1 year low of $16.12 and a 1 year high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, equities analysts forecast that Radware Ltd. will post 0.28 EPS for the current fiscal year.

About Radware

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.