Rice Hall James & Associates LLC Purchases 56,116 Shares of Radware Ltd. (NASDAQ:RDWR)

Rice Hall James & Associates LLC increased its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 931,651 shares of the information technology services provider's stock after purchasing an additional 56,116 shares during the quarter. Radware comprises about 1.1% of Rice Hall James & Associates LLC's portfolio, making the stock its 24th biggest position. Rice Hall James & Associates LLC owned 2.10% of Radware worth $20,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Radware by 239.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider's stock valued at $120,000 after buying an additional 4,539 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Radware by 9.7% in the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider's stock valued at $762,000 after acquiring an additional 3,599 shares during the last quarter. Tidal Investments LLC bought a new stake in Radware during the 1st quarter worth about $494,000. ARK Investment Management LLC lifted its position in Radware by 7.0% during the 2nd quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider's stock valued at $2,436,000 after purchasing an additional 8,715 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Radware by 67.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,441 shares of the information technology services provider's stock valued at $1,777,000 after purchasing an additional 39,117 shares during the period. Institutional investors and hedge funds own 73.12% of the company's stock.

Wall Street Analysts Forecast Growth

RDWR has been the subject of several recent research reports. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Radware from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 21st. Finally, Barclays boosted their price target on shares of Radware from $23.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday.

Radware Trading Down 3.6 %

Shares of NASDAQ RDWR traded down $0.82 during mid-day trading on Friday, reaching $21.69. 211,520 shares of the company's stock were exchanged, compared to its average volume of 287,743. Radware Ltd. has a twelve month low of $14.19 and a twelve month high of $24.34. The firm has a market capitalization of $910.87 million, a price-to-earnings ratio of -74.59 and a beta of 0.97. The business has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $20.06.

Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. The firm had revenue of $67.28 million for the quarter, compared to the consensus estimate of $66.10 million. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. Equities research analysts predict that Radware Ltd. will post 0.16 earnings per share for the current fiscal year.

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.