Phoenix Financial Ltd. Has $20.71 Million Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Phoenix Financial Ltd. lowered its holdings in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 919,348 shares of the information technology services provider's stock after selling 102,375 shares during the period. Phoenix Financial Ltd. owned about 2.19% of Radware worth $20,712,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Legal & General Group Plc raised its position in Radware by 14.8% during the 4th quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock worth $50,370,000 after purchasing an additional 287,913 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Radware by 23.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock worth $16,395,000 after acquiring an additional 140,135 shares during the last quarter. State Street Corp lifted its stake in shares of Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock worth $13,071,000 after acquiring an additional 23,725 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Radware by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider's stock valued at $9,868,000 after acquiring an additional 27,804 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Radware by 9.5% in the fourth quarter. JPMorgan Chase & Co. now owns 360,375 shares of the information technology services provider's stock valued at $8,119,000 after acquiring an additional 31,396 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

Analyst Ratings Changes

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

Radware Stock Performance

Shares of RDWR stock traded up $0.10 during trading hours on Tuesday, hitting $20.97. 58,423 shares of the company were exchanged, compared to its average volume of 243,405. Radware Ltd. has a fifty-two week low of $16.12 and a fifty-two week high of $25.00. The company has a 50 day simple moving average of $22.11 and a two-hundred day simple moving average of $22.45. The firm has a market cap of $880.64 million, a P/E ratio of 149.80 and a beta of 0.98.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.

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.