IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,048 shares of the information technology services provider's stock after selling 37,398 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.13% of Radware worth $1,195,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in RDWR. Plato Investment Management Ltd bought a new position in Radware in the 4th quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in shares of Radware during the fourth quarter worth $59,000. R Squared Ltd acquired a new stake in shares of Radware in the fourth quarter valued at approximately $62,000. KLP Kapitalforvaltning AS acquired a new position in shares of Radware during the 4th quarter worth approximately $149,000. Finally, Teacher Retirement System of Texas acquired a new position in Radware during the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 73.12% of the company's stock.
Radware Price Performance
RDWR traded up $0.14 on Tuesday, hitting $21.76. The company had a trading volume of 28,512 shares, compared to its average volume of 248,737. The stock has a fifty day simple moving average of $22.53 and a 200-day simple moving average of $22.56. Radware Ltd. has a 52-week low of $16.12 and a 52-week high of $25.00. The firm has a market capitalization of $913.60 million, a P/E ratio of 155.73 and a beta of 0.95.
Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results 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%. Equities research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently commented on RDWR. Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group reduced their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Monday.
Read Our Latest Report on Radware
About Radware
(
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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