JPMorgan Chase & Co. boosted its stake in Radware Ltd. (NASDAQ:RDWR) by 48.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 277,617 shares of the information technology services provider’s stock after buying an additional 91,089 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.62% of Radware worth $5,927,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Radware by 46.2% in the 4th quarter. First Trust Advisors LP now owns 119,466 shares of the information technology services provider’s stock valued at $2,318,000 after buying an additional 37,767 shares during the last quarter. Two Sigma Advisers LP raised its position in Radware by 4.1% in the 4th quarter. Two Sigma Advisers LP now owns 253,755 shares of the information technology services provider’s stock valued at $4,923,000 after buying an additional 10,000 shares during the last quarter. Deutsche Bank AG raised its position in Radware by 23.0% in the 4th quarter. Deutsche Bank AG now owns 388,992 shares of the information technology services provider’s stock valued at $7,546,000 after buying an additional 72,728 shares during the last quarter. Castleark Management LLC purchased a new stake in Radware in the 4th quarter valued at $6,709,000. Finally, Swiss National Bank raised its position in Radware by 5.6% in the 1st quarter. Swiss National Bank now owns 76,900 shares of the information technology services provider’s stock valued at $1,642,000 after buying an additional 4,100 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.
Get Radware alerts:A number of equities research analysts recently commented on the company. BidaskClub raised Radware from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. ValuEngine raised Radware from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Needham & Company LLC increased their price target on Radware from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, June 25th. Finally, Barclays set a $25.00 price target on Radware and gave the company a “buy” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.33.
Shares of Radware opened at $25.28 on Friday, MarketBeat Ratings reports. Radware Ltd. has a 1 year low of $15.82 and a 1 year high of $25.67. The firm has a market cap of $1.11 billion, a PE ratio of -210.67, a price-to-earnings-growth ratio of 23.41 and a beta of 0.92.
Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, May 2nd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Radware had a negative return on equity of 1.21% and a negative net margin of 2.03%. The firm had revenue of $54.50 million during the quarter, compared to analyst estimates of $54.10 million. During the same period last year, the firm posted $0.02 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. sell-side analysts predict that Radware Ltd. will post 0.06 earnings per share for the current year.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
No comments:
Post a Comment