Neuberger Berman Group LLC Has $24.13 Million Stock Position in Radware Ltd. (NASDAQ:RDWR)

Neuberger Berman Group LLC decreased its position in Radware Ltd. (NASDAQ:RDWR) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,113,560 shares of the information technology services provider’s stock after selling 2,591 shares during the period. Neuberger Berman Group LLC owned about 2.61% of Radware worth $24,126,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RDWR. Covestor Ltd acquired a new position in shares of Radware in the 4th quarter worth approximately $28,000. Balyasny Asset Management L.P. acquired a new position in shares of Radware in the 4th quarter worth approximately $227,000. Graham Capital Management L.P. acquired a new position in shares of Radware in the 4th quarter worth approximately $236,000. Two Sigma Securities LLC raised its holdings in shares of Radware by 16.6% in the 4th quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider’s stock worth $245,000 after buying an additional 1,545 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Radware by 10.1% in the 4th quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider’s stock worth $248,000 after buying an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Radware in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Barclays reissued an “overweight” rating and issued a $35.00 target price (up from $30.00) on shares of Radware in a report on Thursday, July 31st. Finally, Jefferies Financial Group increased their target price on Radware from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Radware presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Radware Price Performance

NASDAQ RDWR opened at $24.85 on Thursday. The firm has a market cap of $1.06 billion, a PE ratio of 77.66 and a beta of 0.97. Radware Ltd. has a one year low of $18.46 and a one year high of $31.57. The stock’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $24.19.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $74.22 million for the quarter, compared to analyst estimates of $73.42 million. Radware had a return on equity of 6.11% and a net margin of 4.90%. Radware’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, equities analysts expect that Radware Ltd. will post 0.28 earnings per share for the current year.

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.