Granahan Investment Management LLC decreased its holdings in Radware Ltd. (NASDAQ:RDWR – Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 512,646 shares of the information technology services provider’s stock after selling 18,895 shares during the period. Granahan Investment Management LLC owned about 1.17% of Radware worth $11,042,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Senvest Management LLC grew its stake in shares of Radware by 3.9% in the fourth quarter. Senvest Management LLC now owns 4,044,695 shares of the information technology services provider’s stock worth $79,883,000 after acquiring an additional 151,719 shares in the last quarter. Phoenix Holdings Ltd. grew its stake in shares of Radware by 16.8% during the fourth quarter. Phoenix Holdings Ltd. now owns 2,840,143 shares of the information technology services provider’s stock worth $55,958,000 after purchasing an additional 408,661 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Radware by 1.0% during the fourth quarter. Legal & General Group Plc now owns 2,570,026 shares of the information technology services provider’s stock worth $50,758,000 after purchasing an additional 25,344 shares in the last quarter. Morgan Stanley grew its stake in shares of Radware by 13.3% during the fourth quarter. Morgan Stanley now owns 2,291,231 shares of the information technology services provider’s stock worth $45,252,000 after purchasing an additional 269,436 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Radware by 3.7% during the first quarter. Renaissance Technologies LLC now owns 2,068,839 shares of the information technology services provider’s stock worth $66,141,000 after purchasing an additional 74,400 shares in the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on RDWR. TheStreet downgraded shares of Radware from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Barclays decreased their price objective on shares of Radware from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. Finally, StockNews.com began coverage on shares of Radware in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
Radware Price Performance
NASDAQ RDWR opened at $16.88 on Monday. Radware Ltd. has a 1 year low of $14.96 and a 1 year high of $24.48. The company has a market capitalization of $739.68 million, a PE ratio of -46.89 and a beta of 0.94. The company has a fifty day moving average of $17.92 and a two-hundred day moving average of $19.43.
Radware (NASDAQ:RDWR – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $65.60 million for the quarter, compared to analyst estimates of $69.12 million. Radware had a negative return on equity of 1.77% and a negative net margin of 5.72%. Radware’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, research analysts expect that Radware Ltd. will post -0.29 earnings per share for the current year.
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, on-premise, and software defined data centers worldwide. It offers DefensePro, a real-time network attack mitigation device that protects the data center and application infrastructure; Radware Kubernetes, a Web Application Firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
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