Radware (NASDAQ:RDWR) Raised to “Buy” at Wall Street Zen

Radware (NASDAQ:RDWR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

Radware Trading Down 0.3%

RDWR stock opened at $29.46 on Friday. The business’s 50-day moving average price is $28.51 and its two-hundred day moving average price is $28.06. The firm has a market cap of $1.24 billion, a PE ratio of 77.53 and a beta of 0.85. Radware has a 1-year low of $21.68 and a 1-year high of $32.79.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $82.28 million during the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.

Insider Buying and Selling

In other Radware news, COO Gabriel Malka sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the sale, the chief operating officer directly owned 47,922 shares in the company, valued at approximately $1,437,660. This trade represents a 11.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Guy Avidan bought 2,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the acquisition, the chief financial officer directly owned 95,800 shares in the company, valued at approximately $2,415,118. This trade represents a 2.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 21.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radware

Several institutional investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC increased its holdings in Radware by 2.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock worth $17,983,000 after purchasing an additional 16,204 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Radware by 17.3% in the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock valued at $2,580,000 after purchasing an additional 14,464 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Radware in the second quarter valued at about $2,057,000. Swiss National Bank lifted its holdings in shares of Radware by 3.0% in the first quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock valued at $1,832,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after buying an additional 25,499 shares during the period. 73.12% of the stock is owned by institutional investors.

About Radware

Radware Ltd. is a global provider of application delivery and cybersecurity solutions. The company helps enterprises, telecommunications carriers, cloud service providers and other organizations protect digital assets, maintain application availability and improve the performance of business-critical applications across on-premises, hybrid and cloud environments.

Radware’s portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, network and application performance monitoring, and application delivery controllers.