Radware Ltd. (NASDAQ:RDWR) Receives Average Recommendation of “Hold” from Analysts

Radware Ltd. (NASDAQ:RDWR) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.

A number of brokerages have issued reports on RDWR. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th.

Radware Trading Up 0.1%

RDWR stock opened at $28.14 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 65.44 and a beta of 0.85. Radware has a 52 week low of $21.68 and a 52 week high of $31.92. The company’s 50-day moving average price is $27.87 and its 200 day moving average price is $25.92.

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

Insider Transactions at Radware

In other Radware news, 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 transaction, the chief operating officer owned 61,422 shares in the company, 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 SEC, which is accessible through this link. Also, insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 21.58% of the company’s stock.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 374 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Radware by 1.1% in the first quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock valued at $958,000 after buying an additional 402 shares during the last quarter. Simplex Trading LLC raised its position in shares of Radware by 51.4% in the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 524 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Radware by 4.5% in the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock valued at $326,000 after buying an additional 527 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Radware by 47.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds 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.