New York State Common Retirement Fund Has $3.55 Million Stock Position in Radware Ltd. (NASDAQ:RDWR)

New York State Common Retirement Fund lowered its position in Radware Ltd. (NASDAQ:RDWR) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,765 shares of the information technology services provider’s stock after selling 2,599 shares during the period. New York State Common Retirement Fund owned about 0.38% of Radware worth $3,554,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rice Hall James & Associates LLC increased its position 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 buying an additional 56,116 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Radware by 159.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock valued at $13,091,000 after buying an additional 360,710 shares in the last quarter. State Street Corp increased its position in shares of Radware by 4.2% in the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after buying an additional 23,725 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Radware by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Radware by 127.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock valued at $2,844,000 after buying an additional 70,703 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Friday, February 14th.

Radware Trading Down 4.0 %

RDWR stock opened at $21.64 on Friday. The stock has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $22.46. The stock has a market cap of $908.77 million, a PE ratio of 154.58 and a beta of 0.96. Radware Ltd. has a 1 year low of $16.12 and a 1 year high of $25.00.

Radware (NASDAQ:RDWR) last released its earnings results 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 return on equity of 3.81% and a net margin of 2.20%. On average, analysts forecast that Radware Ltd. will post 0.28 earnings per share 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.