Semanteon Capital Management LP Invests $562,000 in Radware Ltd. $RDWR

Semanteon Capital Management LP bought a new stake in Radware Ltd. (NASDAQ:RDWR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,227 shares of the information technology services provider’s stock, valued at approximately $562,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDWR. Penserra Capital Management LLC acquired a new position in shares of Radware during the 2nd quarter worth about $84,960,000. Legal & General Group Plc raised its holdings in Radware by 18.7% during the second quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock worth $83,370,000 after acquiring an additional 445,593 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Radware by 26.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock worth $79,449,000 after acquiring an additional 556,551 shares in the last quarter. Acadian Asset Management LLC boosted its position in Radware by 3.9% during the second quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock valued at $50,454,000 after purchasing an additional 64,298 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Radware by 5.4% in the second quarter. First Trust Advisors LP now owns 1,172,054 shares of the information technology services provider’s stock valued at $34,505,000 after purchasing an additional 59,814 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Trading Down 3.3%

RDWR opened at $24.21 on Friday. The stock’s fifty day simple moving average is $24.68 and its 200 day simple moving average is $24.85. Radware Ltd. has a 1-year low of $18.46 and a 1-year high of $31.57. The stock has a market cap of $1.03 billion, a PE ratio of 53.80 and a beta of 0.95.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, February 11th. The information technology services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $80.25 million during the quarter, compared to analysts’ expectations of $78.65 million. Radware had a net margin of 6.71% and a return on equity of 7.21%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Equities analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current year.

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

Wall Street Analyst Weigh In

RDWR has been the topic of a number of analyst reports. Wall Street Zen cut Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Finally, Jefferies Financial Group set a $25.00 price target on shares of Radware in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Radware presently has an average rating of “Hold” and an average target price of $30.00.

Radware 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.