Radware (NASDAQ:RDWR) Reaches New 52-Week High - Should You Buy?

Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $25.00 and last traded at $24.25, with a volume of 88649 shares changing hands. The stock had previously closed at $23.23.

Analyst Ratings Changes

RDWR has been the subject of several research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research report on Friday. Barclays upped their price target on shares of Radware from $23.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st.

Radware Trading Down 0.3 %

The firm's 50-day moving average price is $22.51 and its two-hundred day moving average price is $22.38. The stock has a market cap of $1.01 billion, a PE ratio of -400.77 and a beta of 0.96.

Radware (NASDAQ:RDWR - Get Free Report) last posted its earnings results 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 negative net margin of 0.85% and a positive return on equity of 1.41%. On average, analysts anticipate that Radware Ltd. will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC raised its holdings in shares of Radware by 3.0% in the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock worth $358,000 after buying an additional 468 shares during the last quarter. Invesco Ltd. increased 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 during the period. Geode Capital Management LLC increased its stake in shares of Radware by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider's stock worth $1,795,000 after acquiring an additional 902 shares during the period. Bank of Montreal Can increased its stake in shares of Radware by 10.1% in the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock worth $248,000 after acquiring an additional 1,007 shares during the period. Finally, Inceptionr LLC increased its stake in shares of Radware by 8.6% in the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock worth $332,000 after acquiring an additional 1,161 shares during the period. Hedge funds and other institutional investors own 73.12% of the company's stock.

Radware Company Profile

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.