2,602 Shares in Radware Ltd. (NASDAQ:RDWR) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Radware Ltd. (NASDAQ:RDWR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,602 shares of the information technology services provider’s stock, valued at approximately $59,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in shares of Radware during the 4th quarter valued at $214,000. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 buying an additional 140,135 shares during the last quarter. Inceptionr LLC increased its position in Radware by 8.6% during the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider’s stock worth $332,000 after buying an additional 1,161 shares during the last quarter. Plato Investment Management Ltd bought a new position in Radware during the fourth quarter valued at about $30,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Radware by 127.4% during 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 last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Price Performance

Radware stock opened at $21.69 on Wednesday. The stock has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $22.56. 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 $910.87 million, a P/E ratio of 154.94 and a beta of 0.95.

Radware (NASDAQ:RDWR) last announced its 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, equities research analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group reduced their price objective on shares of Radware from $26.00 to $24.00 and set a “hold” rating for the company in a report on Monday.

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.