MQS Management LLC Takes Position in Radware Ltd. (NASDAQ:RDWR)

MQS Management LLC acquired a new stake in Radware Ltd. (NASDAQ:RDWR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,821 shares of the information technology services provider’s stock, valued at approximately $234,000.

A number of other large investors have also recently bought and sold shares of RDWR. Robeco Institutional Asset Management B.V. lifted its position in shares of Radware by 14.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock worth $236,000 after buying an additional 1,774 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Radware in the 4th quarter valued at approximately $445,000. First Trust Advisors LP boosted its position in Radware by 90.4% during the fourth quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock worth $40,815,000 after purchasing an additional 1,161,535 shares during the period. BNP Paribas Financial Markets boosted its position in Radware by 239.5% during the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock worth $120,000 after purchasing an additional 4,539 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Radware by 9.7% during the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 3,599 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research report on Wednesday, July 31st. Finally, StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st.

Radware Trading Up 0.5 %

Shares of RDWR stock opened at $21.56 on Friday. The firm has a market capitalization of $955.26 million, a P/E ratio of -46.87 and a beta of 0.97. Radware Ltd. has a 1 year low of $13.53 and a 1 year high of $23.05. The firm’s fifty day simple moving average is $20.79 and its 200 day simple moving average is $19.30.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. The business had revenue of $67.28 million during the quarter, compared to analyst estimates of $66.10 million. Equities research analysts anticipate that Radware Ltd. will post 0.16 EPS for the current fiscal year.

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.