Rice Hall James & Associates LLC Grows Position in Radware Ltd. $RDWR

Rice Hall James & Associates LLC raised its holdings in Radware Ltd. (NASDAQ:RDWR) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 667,059 shares of the information technology services provider’s stock after acquiring an additional 21,928 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Radware were worth $16,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RDWR. Russell Investments Group Ltd. increased its position in shares of Radware by 47.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock valued at $1,368,000 after purchasing an additional 14,980 shares during the last quarter. Jump Financial LLC increased its position in shares of Radware by 126.5% during the 2nd quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock valued at $1,207,000 after purchasing an additional 22,898 shares during the last quarter. Sei Investments Co. increased its position in shares of Radware by 23.5% during the 2nd quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock valued at $2,707,000 after purchasing an additional 17,501 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Radware by 3.5% during the 2nd quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after purchasing an additional 1,190 shares during the last quarter. Finally, PDT Partners LLC increased its position in shares of Radware by 27.1% during the 2nd quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock valued at $1,852,000 after purchasing an additional 13,402 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Trading Up 0.9%

Shares of Radware stock opened at $28.49 on Tuesday. The firm has a market capitalization of $1.20 billion, a PE ratio of 66.26 and a beta of 0.85. The business’s 50-day moving average price is $27.58 and its 200-day moving average price is $25.66. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $31.92.

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

Insider Activity at Radware

In related news, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $29.00, for a total transaction of $90,219.00. Following the transaction, the chief operating officer directly owned 61,422 shares in the company, valued at $1,781,238. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rivkah Goldriech sold 1,375 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the transaction, the insider owned 60,741 shares in the company, valued at approximately $1,791,859.50. The trade was a 2.21% 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 company insiders.

Analysts Set New Price Targets

RDWR has been the topic of several recent research reports. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. 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.