Radware (NASDAQ:RDWR) Stock Lifted to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Radware (NASDAQ:RDWR) from a hold rating to a buy rating in a report released on Tuesday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Radware from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.00.

Radware Price Performance

Shares of Radware stock opened at $29.36 on Tuesday. The firm’s fifty day simple moving average is $29.00 and its 200-day simple moving average is $28.41. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 47.05 and a beta of 0.86. Radware has a 12 month low of $21.68 and a 12 month high of $32.79.

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

Insider Activity at Radware

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

Institutional Investors Weigh In On Radware

Several large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Radware during the 2nd quarter worth $27,000. Parallel Advisors LLC lifted its stake in shares of Radware by 48.8% in the 1st 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 period. Capital Advisors Ltd. LLC acquired a new stake in shares of Radware in the 1st quarter worth $79,000. Pacer Advisors Inc. boosted its holdings in shares of Radware by 27.9% in the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock valued at $142,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Radware by 3.7% in the second quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider’s stock valued at $602,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and data from cyber threats while maintaining the availability, performance and reliability of business-critical services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.

Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.