Radware Ltd. (NASDAQ:RDWR) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 438,003 shares of the information technology services provider's stock after purchasing an additional 27,804 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.04% of Radware worth $9,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RDWR. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Radware by 23.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock worth $16,395,000 after purchasing an additional 140,135 shares during the period. State Street Corp lifted its stake in shares of Radware by 4.2% in the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock worth $13,071,000 after acquiring an additional 23,725 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Radware by 9.5% in the fourth quarter. JPMorgan Chase & Co. now owns 360,375 shares of the information technology services provider's stock valued at $8,119,000 after acquiring an additional 31,396 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Radware by 127.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider's stock worth $2,844,000 after acquiring an additional 70,703 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Radware during the third quarter worth about $1,117,000. Institutional investors and hedge funds own 73.12% of the company's stock.

Radware Stock Up 4.7 %

Shares of NASDAQ RDWR traded up $0.92 during midday trading on Friday, hitting $20.62. The company had a trading volume of 191,617 shares, compared to its average volume of 244,706. The firm has a market capitalization of $865.94 million, a price-to-earnings ratio of 147.30 and a beta of 0.98. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $25.00. The business has a 50-day simple moving average of $22.15 and a two-hundred day simple moving average of $22.46.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a report on Friday, February 14th. Jefferies Financial Group decreased their price target 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 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.