Teacher Retirement System of Texas Buys New Holdings in Radware Ltd. (NASDAQ:RDWR)

Teacher Retirement System of Texas purchased a new position in shares of Radware Ltd. (NASDAQ:RDWR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,478 shares of the information technology services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Radware by 23.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider’s stock worth $16,395,000 after purchasing an additional 140,135 shares during the period. State Street Corp increased its position in Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock worth $13,071,000 after buying an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Radware by 14.9% in the 3rd 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. Robeco Institutional Asset Management B.V. lifted its holdings in Radware by 127.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after purchasing an additional 70,703 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Radware in the 3rd quarter valued at $1,117,000. Institutional investors own 73.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RDWR shares. Jefferies Financial Group cut their price target on shares of Radware from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Monday. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Friday, February 14th.

Radware Stock Performance

RDWR stock opened at $22.18 on Thursday. Radware Ltd. has a 52-week low of $16.12 and a 52-week high of $25.00. The firm has a market capitalization of $931.45 million, a price-to-earnings ratio of 158.44 and a beta of 0.97. The firm has a 50 day moving average price of $22.52 and a 200-day moving average price of $22.56.

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 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%. As a group, sell-side analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

About Radware

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.