Radware Ltd. (NASDAQ:RDWR) is Herald Investment Management Ltd's 8th Largest Position

Herald Investment Management Ltd cut its holdings in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 725,000 shares of the information technology services provider's stock after selling 25,000 shares during the period. Radware accounts for 2.7% of Herald Investment Management Ltd's holdings, making the stock its 8th biggest holding. Herald Investment Management Ltd owned about 1.73% of Radware worth $16,269,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Radware by 14.8% during the fourth 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 in the last quarter. Cooper Creek Partners Management LLC boosted its holdings in Radware by 264.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 956,764 shares of the information technology services provider's stock worth $21,556,000 after acquiring an additional 694,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 increased its holdings in shares of Radware by 4.2% during the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock valued at $13,071,000 after acquiring an additional 23,725 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Radware by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider's stock valued at $9,868,000 after purchasing an additional 27,804 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Up 5.2 %

RDWR traded up $1.10 during trading on Wednesday, reaching $22.18. The company's stock had a trading volume of 183,654 shares, compared to its average volume of 240,746. The firm has a fifty day simple moving average of $21.83 and a two-hundred day simple moving average of $22.40. The company has a market cap of $931.45 million, a price-to-earnings ratio of 158.44 and a beta of 0.98. Radware Ltd. has a 1 year low of $16.53 and a 1 year high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (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%. As a group, equities analysts forecast that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.