Cooper Creek Partners Management LLC Increases Holdings in Radware Ltd. (NASDAQ:RDWR)

Cooper Creek Partners Management LLC raised its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 264.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 956,764 shares of the information technology services provider's stock after purchasing an additional 694,112 shares during the period. Cooper Creek Partners Management LLC owned 2.28% of Radware worth $21,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in Radware by 184.7% in the third quarter. BNP Paribas Financial Markets now owns 21,781 shares of the information technology services provider's stock valued at $485,000 after acquiring an additional 14,130 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Radware by 3.0% in the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock valued at $358,000 after purchasing an additional 468 shares during the last quarter. State Street Corp lifted its holdings in Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock valued at $13,071,000 after buying an additional 23,725 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Radware during the third quarter valued at $1,117,000. Finally, Barclays PLC grew its holdings in Radware by 137.4% during the 3rd 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 period. 73.12% of the stock is owned by institutional investors and hedge funds.

Radware Stock Performance

Shares of NASDAQ RDWR traded up $0.21 during midday trading on Friday, hitting $21.28. 566,075 shares of the stock traded hands, compared to its average volume of 243,319. Radware Ltd. has a one year low of $16.14 and a one year high of $25.00. The business has a 50 day moving average price of $21.99 and a two-hundred day moving average price of $22.43. The company has a market cap of $893.65 million, a PE ratio of 152.01 and a beta of 0.98.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Radware in a research note on Friday, February 14th. Jefferies Financial Group cut their target price on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, March 31st.

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.