Jefferies Financial Group Cuts Radware (NASDAQ:RDWR) Price Target to $24.00

Radware (NASDAQ:RDWR) had its price objective decreased by investment analysts at Jefferies Financial Group from $26.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 10.65% from the stock’s current price.

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

Radware Trading Up 0.3 %

Shares of RDWR opened at $21.69 on Monday. Radware has a twelve month low of $16.12 and a twelve month 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. The firm’s 50-day moving average is $22.52 and its two-hundred day moving average is $22.56.

Radware (NASDAQ:RDWR) last released its quarterly earnings results 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%. Analysts predict that Radware will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RDWR. Legal & General Group Plc increased its position in Radware by 14.8% during the fourth quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider’s stock worth $50,370,000 after buying an additional 287,913 shares in the last quarter. Cooper Creek Partners Management LLC boosted its stake in shares of Radware by 264.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 956,764 shares of the information technology services provider’s stock valued at $21,556,000 after acquiring an additional 694,112 shares during the last quarter. First Trust Advisors LP increased its position in Radware by 2.4% during the 4th quarter. First Trust Advisors LP now owns 882,255 shares of the information technology services provider’s stock worth $19,877,000 after purchasing an additional 20,658 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Radware by 23.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider’s stock valued at $16,395,000 after purchasing an additional 140,135 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Radware by 14.0% in the 4th quarter. Millennium Management LLC now owns 613,795 shares of the information technology services provider’s stock valued at $13,829,000 after purchasing an additional 75,474 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

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.