Radware Ltd. (NASDAQ:RDWR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Radware Ltd. (NASDAQ:RDWR) have earned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.00.

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

Radware Stock Performance

Shares of Radware stock opened at $28.14 on Friday. Radware has a 1 year low of $21.68 and a 1 year high of $31.92. The company has a market capitalization of $1.18 billion, a P/E ratio of 65.44 and a beta of 0.85. The company’s fifty day moving average is $27.87 and its two-hundred day moving average is $25.92.

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

Insider Activity

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

Institutional Trading of Radware

Several hedge funds and other institutional investors have recently made changes to their positions in RDWR. Morgan Stanley boosted its holdings in shares of Radware by 28.9% in the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock valued at $63,108,000 after acquiring an additional 588,064 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Radware by 16.0% during the third quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider’s stock worth $82,920,000 after buying an additional 431,572 shares in the last quarter. Defiance ETFs LLC purchased a new stake in Radware during the fourth quarter worth about $9,152,000. First Trust Advisors LP boosted its holdings in Radware by 28.7% during the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock worth $37,638,000 after buying an additional 348,824 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Radware by 908.4% during the fourth quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after buying an additional 272,481 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

About Radware

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.