Mirae Asset Global Investments Co. Ltd. Lowers Position in Radware Ltd. (NASDAQ:RDWR)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Radware Ltd. (NASDAQ:RDWR) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,981 shares of the information technology services provider’s stock after selling 2,702 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Radware were worth $371,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Radware in the third quarter valued at $51,000. Rice Hall James & Associates LLC increased its holdings in shares of Radware by 6.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock valued at $20,757,000 after purchasing an additional 56,116 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Radware by 162.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock valued at $1,237,000 after purchasing an additional 34,332 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Radware by 247.3% in the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after purchasing an additional 81,718 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in Radware by 9.6% during the third quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock worth $2,111,000 after buying an additional 8,288 shares in the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on RDWR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Friday, January 17th. Barclays raised their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Radware Trading Up 0.5 %

Shares of NASDAQ RDWR opened at $24.12 on Friday. The company’s 50-day moving average price is $22.49 and its 200 day moving average price is $22.30. Radware Ltd. has a 52 week low of $16.12 and a 52 week high of $25.00. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -401.93 and a beta of 0.96.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a positive return on equity of 1.41% and a negative net margin of 0.85%. As a group, research analysts expect that Radware Ltd. will post 0.25 earnings per share for the current 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.