Renaissance Technologies LLC decreased its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,650,130 shares of the information technology services provider's stock after selling 79,710 shares during the quarter. Renaissance Technologies LLC owned about 3.93% of Radware worth $37,177,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in shares of Radware in the fourth quarter valued at approximately $30,000. New Age Alpha Advisors LLC acquired a new stake in Radware during the 4th quarter valued at $32,000. Quantbot Technologies LP bought a new position in Radware during the fourth quarter worth $59,000. R Squared Ltd acquired a new position in shares of Radware in the fourth quarter valued at $62,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Radware in the fourth quarter valued at about $149,000. Institutional investors own 73.12% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on RDWR shares. Jefferies Financial Group reduced 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 reissued a "hold" rating on shares of Radware in a research report on Friday, February 14th.
Get Our Latest Report on RDWR
Radware Stock Performance
Shares of RDWR traded up $0.12 during mid-day trading on Thursday, reaching $21.19. The company had a trading volume of 70,306 shares, compared to its average volume of 241,428. The company has a market capitalization of $889.66 million, a price-to-earnings ratio of 151.33 and a beta of 0.98. The company's 50 day simple moving average is $22.03 and its 200 day simple moving average is $22.43. Radware Ltd. has a 1-year low of $16.12 and a 1-year high of $25.00.
Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, equities analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Radware Company Profile
(
Free Report)
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.
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