ExodusPoint Capital Management LP raised its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,700 shares of the information technology services provider's stock after purchasing an additional 16,786 shares during the quarter. ExodusPoint Capital Management LP owned 0.11% of Radware worth $1,007,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in RDWR. Plato Investment Management Ltd bought a new stake in shares of Radware in the 4th quarter worth approximately $30,000. New Age Alpha Advisors LLC bought a new position in shares of Radware during the fourth quarter worth about $32,000. Quantbot Technologies LP acquired a new stake in shares of Radware in the 4th quarter worth about $59,000. R Squared Ltd bought a new stake in Radware in the 4th quarter valued at about $62,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Radware during the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 73.12% of the company's stock.
Radware Stock Performance
Shares of RDWR remained flat at $21.10 during midday trading on Wednesday. 13,815 shares of the company's stock traded hands, compared to its average volume of 242,065. The stock's fifty day moving average price is $22.07 and its 200-day moving average price is $22.44. The company has a market capitalization of $886.09 million, a price-to-earnings ratio of 151.37 and a beta of 0.98. Radware Ltd. has a one year low of $16.12 and a one 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 net margin of 2.20% and a return on equity of 3.81%. On average, equities analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on RDWR. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a research 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 for the company in a research note on Monday, March 31st.
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Radware Company Profile
(
Free Report)
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.
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