Renaissance Group LLC Makes New $2.24 Million Investment in Radware Ltd. (NASDAQ:RDWR)

Renaissance Group LLC purchased a new stake in Radware Ltd. (NASDAQ:RDWR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 99,433 shares of the information technology services provider's stock, valued at approximately $2,240,000. Renaissance Group LLC owned about 0.24% of Radware at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Verition Fund Management LLC lifted its stake in Radware by 3.0% during the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock valued at $358,000 after purchasing an additional 468 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Radware by 2.4% in the 4th 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 last quarter. Geode Capital Management LLC raised its position in shares of Radware by 1.1% during 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 purchasing an additional 902 shares during the period. Bank of Montreal Can lifted its holdings in shares of Radware by 10.1% during the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock valued at $248,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Inceptionr LLC boosted its position in shares of Radware by 8.6% in the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock valued at $332,000 after purchasing an additional 1,161 shares during the period. Institutional investors own 73.12% of the company's stock.

Radware Trading Up 1.6 %

RDWR stock traded up $0.32 during midday trading on Monday, reaching $20.94. The company had a trading volume of 27,162 shares, compared to its average volume of 243,727. The company has a 50 day moving average of $22.15 and a two-hundred day moving average of $22.46. Radware Ltd. has a 1 year low of $16.12 and a 1 year high of $25.00. The company has a market capitalization of $879.38 million, a P/E ratio of 149.58 and a beta of 0.98.

Radware (NASDAQ:RDWR - Get Free Report) last released 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 net margin of 2.20% and a return on equity of 3.81%. On average, sell-side analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

RDWR has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of 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 reiterated a "hold" rating on shares of Radware in a research report 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.