Legal & General Group Plc Buys 287,913 Shares of Radware Ltd. (NASDAQ:RDWR)

Legal & General Group Plc increased its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,235,702 shares of the information technology services provider's stock after purchasing an additional 287,913 shares during the quarter. Legal & General Group Plc owned approximately 5.32% of Radware worth $50,370,000 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. Invesco Ltd. lifted its holdings in shares of Radware by 2.4% during the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider's stock worth $813,000 after purchasing an additional 855 shares during the period. Bank of Montreal Can raised its position in shares of Radware by 10.1% during the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock worth $248,000 after acquiring an additional 1,007 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Radware by 301.8% in the fourth quarter. Russell Investments Group Ltd. now owns 17,380 shares of the information technology services provider's stock valued at $392,000 after acquiring an additional 13,055 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Radware by 424.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock valued at $1,169,000 after purchasing an additional 42,009 shares during the period. Finally, ExodusPoint Capital Management LP lifted its position in shares of Radware by 60.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 44,700 shares of the information technology services provider's stock worth $1,007,000 after purchasing an additional 16,786 shares during the period. Institutional investors and hedge funds own 73.12% of the company's stock.

Wall Street Analyst Weigh In

RDWR has been the topic of several recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Radware in a report on Friday, February 14th. Jefferies Financial Group decreased their target price on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st.

Radware Trading Up 0.5 %

Radware stock traded up $0.12 during midday trading on Thursday, reaching $21.19. The stock had a trading volume of 67,559 shares, compared to its average volume of 241,424. The company has a fifty day moving average price of $22.03 and a two-hundred day moving average price of $22.43. Radware Ltd. has a 12 month low of $16.12 and a 12 month high of $25.00. The company has a market capitalization of $889.66 million, a P/E ratio of 151.34 and a beta of 0.98.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly 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 net margin of 2.20% and a return on equity of 3.81%. On average, equities research analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Radware Company 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.