Radware Ltd. (NASDAQ:RDWR) Shares Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC lifted its stake in shares of Radware Ltd. (NASDAQ:RDWRGet Rating) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,471 shares of the information technology services provider’s stock after buying an additional 18,823 shares during the period. Granahan Investment Management LLC owned approximately 0.60% of Radware worth $8,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in shares of Radware by 53.1% during the first quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after buying an additional 419 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Radware by 2.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 32,085 shares of the information technology services provider’s stock valued at $1,026,000 after purchasing an additional 739 shares during the period. Penserra Capital Management LLC lifted its position in Radware by 1.0% during the fourth quarter. Penserra Capital Management LLC now owns 219,061 shares of the information technology services provider’s stock valued at $9,121,000 after purchasing an additional 2,145 shares during the period. Northern Trust Corp lifted its position in Radware by 9.1% during the fourth quarter. Northern Trust Corp now owns 27,263 shares of the information technology services provider’s stock valued at $1,136,000 after purchasing an additional 2,266 shares during the period. Finally, Vanguard Group Inc. lifted its position in Radware by 19.8% during the first quarter. Vanguard Group Inc. now owns 27,746 shares of the information technology services provider’s stock valued at $887,000 after purchasing an additional 4,591 shares during the period. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RDWR shares. StockNews.com downgraded shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 4th. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Radware currently has an average rating of “Hold”.

Radware Stock Performance

RDWR opened at $22.92 on Friday. Radware Ltd. has a fifty-two week low of $20.51 and a fifty-two week high of $42.19. The company has a fifty day moving average of $22.27 and a two-hundred day moving average of $26.02. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 176.31, a PEG ratio of 78.60 and a beta of 1.07.

Radware (NASDAQ:RDWRGet Rating) last released its earnings results on Monday, August 8th. The information technology services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $75.10 million for the quarter, compared to analysts’ expectations of $75.68 million. Radware had a return on equity of 4.92% and a net margin of 2.11%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, equities research analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current year.

Radware Profile

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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

See Also

Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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