Radware Ltd. (NASDAQ:RDWR) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 39.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,984 shares of the information technology services provider’s stock after selling 2,645 shares during the quarter. US Bancorp DE’s holdings in Radware were worth $90,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Radware by 159.0% during 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 acquiring an additional 360,710 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Radware by 127.4% in the fourth 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 purchasing an additional 70,703 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Radware during the third quarter worth about $1,117,000. JPMorgan Chase & Co. boosted its position in shares of Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after buying an additional 42,617 shares during the period. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Radware in the fourth quarter valued at about $632,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Radware Trading Up 6.4 %

RDWR stock opened at $22.55 on Tuesday. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $25.00. The company has a market capitalization of $946.99 million, a P/E ratio of 161.08 and a beta of 0.95. The firm has a 50 day simple moving average of $22.34 and a 200-day simple moving average of $22.44.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share 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%. On average, research analysts predict that Radware Ltd. will post 0.28 EPS 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.