Radware Ltd. (NASDAQ:RDWR) Receives Consensus Recommendation of “Hold” from Brokerages

Radware Ltd. (NASDAQ:RDWR) has earned an average rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.00.

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th.

Insider Activity at Radware

In related news, COO Gabriel Malka sold 3,111 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the transaction, the chief operating officer owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rivkah Goldriech sold 1,375 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the transaction, the insider owned 60,741 shares of the company’s stock, valued at approximately $1,791,859.50. The trade was a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radware

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in Radware by 3,178.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after buying an additional 1,176 shares in the last quarter. Parallel Advisors LLC grew its stake in Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares in the last quarter. Simplex Trading LLC grew its stake in Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after buying an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Radware by 47.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after buying an additional 550 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Radware in the 4th quarter worth approximately $49,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Radware Stock Performance

Shares of NASDAQ RDWR opened at $30.34 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of 70.56 and a beta of 0.85. Radware has a fifty-two week low of $21.68 and a fifty-two week high of $31.57. The stock has a fifty day moving average of $26.94 and a 200-day moving average of $25.14.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. The company had revenue of $79.81 million during the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.

Radware declared that its Board of Directors has approved a stock repurchase plan on Friday, February 13th that permits the company to buyback $80.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.