Radware Ltd. (NASDAQ:RDWR) Short Interest Update

Radware Ltd. (NASDAQ:RDWR - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 567,000 shares, a growth of 34.7% from the March 15th total of 420,900 shares. Based on an average trading volume of 134,100 shares, the short-interest ratio is presently 4.2 days. Currently, 1.8% of the company's shares are short sold.

Institutional Investors Weigh In On Radware

Several hedge funds have recently modified their holdings of RDWR. Invesco Ltd. lifted its stake in shares of Radware by 2.4% in the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider's stock worth $813,000 after acquiring an additional 855 shares in the last quarter. Geode Capital Management LLC raised its stake in Radware by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider's stock valued at $1,795,000 after acquiring an additional 902 shares in the last quarter. Bank of Montreal Can raised its position in shares of Radware by 10.1% during the 4th quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock worth $248,000 after buying an additional 1,007 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Radware by 5.6% in the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider's stock worth $444,000 after acquiring an additional 1,040 shares during the period. Finally, Inceptionr LLC increased its stake in shares of Radware by 8.6% during the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock valued at $332,000 after acquiring an additional 1,161 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

Radware Trading Up 3.5 %

RDWR stock traded up $0.78 during trading on Thursday, hitting $23.02. 182,763 shares of the company's stock were exchanged, compared to its average volume of 241,319. The stock has a market capitalization of $966.51 million, a price-to-earnings ratio of 164.44 and a beta of 0.98. Radware has a 52-week low of $16.53 and a 52-week high of $25.00. The business has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $22.40.

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

Analyst Upgrades and Downgrades

RDWR has been the subject of several research reports. Jefferies Financial Group dropped their target price 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 reaffirmed 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.