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

US Bancorp DE lessened its holdings in Radware Ltd. (NASDAQ:RDWR) by 39.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,984 shares of the information technology services provider’s stock after selling 2,645 shares during the period. US Bancorp DE’s holdings in Radware were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RDWR. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 during the period. Barclays PLC boosted its stake in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after acquiring an additional 9,112 shares during the period. State Street Corp boosted its stake 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 valued at $13,071,000 after acquiring an additional 23,725 shares during the period. JPMorgan Chase & Co. boosted its stake in Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after acquiring an additional 42,617 shares during the period. Finally, Ellsworth Advisors LLC acquired a new position in Radware during the 4th quarter valued at approximately $632,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Radware Trading Up 6.4 %

NASDAQ RDWR opened at $22.55 on Tuesday. Radware Ltd. has a 52 week low of $16.12 and a 52 week high of $25.00. The stock has a market cap of $946.99 million, a price-to-earnings ratio of 161.08 and a beta of 0.95. The company has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $22.44.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data 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%. As a group, equities research analysts expect 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.