Jefferies Financial Group Cuts Radware (NASDAQ:RDWR) Price Target to $24.00

Radware (NASDAQ:RDWR - Get Free Report) had its price target reduced by equities researchers at Jefferies Financial Group from $26.00 to $24.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the information technology services provider's stock. Jefferies Financial Group's price target suggests a potential upside of 21.46% from the stock's previous close.

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research report on Friday, February 14th.

Radware Trading Down 5.9 %

Shares of RDWR stock traded down $1.23 during trading hours on Monday, hitting $19.76. 119,731 shares of the company were exchanged, compared to its average volume of 246,620. Radware has a 52 week low of $16.12 and a 52 week high of $25.00. The business has a 50 day moving average of $22.45 and a two-hundred day moving average of $22.54. The company has a market capitalization of $829.82 million, a PE ratio of 141.15 and a beta of 0.97.

Radware (NASDAQ:RDWR - Get Free Report) last released its 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 return on equity of 3.81% and a net margin of 2.20%. On average, research analysts forecast that Radware will post 0.28 EPS for the current year.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new position in Radware in the fourth quarter valued at approximately $28,000. Plato Investment Management Ltd acquired a new stake in shares of Radware in the 4th quarter valued at approximately $30,000. New Age Alpha Advisors LLC bought a new position in shares of Radware in the fourth quarter valued at $32,000. Quantbot Technologies LP bought a new stake in Radware during the fourth quarter worth $59,000. Finally, R Squared Ltd bought a new stake in Radware during the fourth quarter worth $62,000. Institutional investors and hedge funds own 73.12% of the company's stock.

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.