Quantbot Technologies LP Acquires Shares of 2,602 Radware Ltd. (NASDAQ:RDWR)

Quantbot Technologies LP acquired a new stake in shares of Radware Ltd. (NASDAQ:RDWR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,602 shares of the information technology services provider’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC raised its position in shares of Radware by 3.0% during the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock worth $358,000 after purchasing an additional 468 shares during the period. Inceptionr LLC increased its holdings in shares of Radware by 8.6% in the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider’s stock worth $332,000 after acquiring an additional 1,161 shares during the period. Tidal Investments LLC lifted its position in Radware by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 1,173 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Radware during the 4th quarter valued at about $30,000. Finally, R Squared Ltd acquired a new position in Radware during the 4th quarter valued at about $62,000. 73.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group cut their target price on Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday. Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Friday, February 14th.

Radware Price Performance

Radware stock opened at $21.69 on Wednesday. Radware Ltd. has a 12-month low of $16.12 and a 12-month high of $25.00. The stock has a market capitalization of $910.87 million, a PE ratio of 154.94 and a beta of 0.95. The firm has a 50 day simple moving average of $22.52 and a 200-day simple moving average of $22.56.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS 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, 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.