nVerses Capital LLC Makes New Investment in Radware Ltd. (NASDAQ:RDWR)

nVerses Capital LLC acquired a new stake in Radware Ltd. (NASDAQ:RDWR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,300 shares of the information technology services provider’s stock, valued at approximately $51,000.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Radware by 16.4% in the 2nd quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock worth $167,000 after buying an additional 1,291 shares during the period. California State Teachers Retirement System raised its holdings in shares of 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 worth $762,000 after purchasing an additional 3,599 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 4,539 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Radware during the 2nd quarter worth about $120,000. Finally, ARK Investment Management LLC raised its stake in shares of Radware by 7.0% during the 2nd quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock valued at $2,436,000 after buying an additional 8,715 shares during the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RDWR has been the topic of a number of recent research reports. Barclays upped their target price on Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st.

Radware Trading Up 0.1 %

NASDAQ RDWR opened at $23.26 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -50.57 and a beta of 0.97. The stock has a 50-day moving average of $21.96 and a 200 day moving average of $19.81. Radware Ltd. has a twelve month low of $13.53 and a twelve month high of $24.34.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $67.28 million for the quarter, compared to analyst estimates of $66.10 million. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. Equities analysts predict 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.