JPMorgan Chase & Co. Grows Position in Radware Ltd. (NASDAQ:RDWR)

JPMorgan Chase & Co. raised its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,375 shares of the information technology services provider's stock after purchasing an additional 31,396 shares during the quarter. JPMorgan Chase & Co. owned about 0.86% of Radware worth $8,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RDWR. Barclays PLC increased its holdings in shares of Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider's stock valued at $350,000 after purchasing an additional 9,112 shares during the period. State Street Corp grew its position in shares of Radware by 4.2% during the 3rd 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 during the period. Ellsworth Advisors LLC purchased a new position in shares of Radware in the 4th quarter valued at about $632,000. Robeco Institutional Asset Management B.V. raised its holdings in Radware by 127.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider's stock worth $2,844,000 after purchasing an additional 70,703 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Radware during the third quarter worth approximately $1,117,000. Hedge funds and other institutional investors own 73.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group cut their price objective on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Friday, February 14th.

Radware Stock Performance

Shares of Radware stock traded up $0.21 during trading hours on Friday, reaching $21.28. 566,075 shares of the company were exchanged, compared to its average volume of 242,349. The firm has a market cap of $893.65 million, a PE ratio of 152.01 and a beta of 0.98. Radware Ltd. has a 1 year low of $16.25 and a 1 year high of $25.00. The stock's fifty day moving average is $21.95 and its 200 day moving average is $22.42.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings results 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 net margin of 2.20% and a return on equity of 3.81%. Research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current 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.