Radware Ltd. (NASDAQ:RDWR) Short Interest Update

Radware Ltd. (NASDAQ:RDWR) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 567,000 shares, an increase of 34.7% from the March 15th total of 420,900 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 134,100 shares, the short-interest ratio is presently 4.2 days.

Institutional Investors Weigh In On Radware

Hedge funds have recently made changes to their positions in the business. Covestor Ltd acquired a new stake in Radware in the 4th quarter valued at approximately $28,000. Plato Investment Management Ltd acquired a new position in shares of Radware during the fourth quarter valued at $30,000. New Age Alpha Advisors LLC bought a new stake in shares of Radware during the fourth quarter valued at about $32,000. Quantbot Technologies LP acquired a new stake in Radware in the fourth quarter worth about $59,000. Finally, R Squared Ltd bought a new position in Radware in the 4th quarter valued at about $62,000. Institutional investors own 73.12% of the company’s stock.

Radware Price Performance

NASDAQ:RDWR opened at $21.28 on Monday. The firm has a market capitalization of $893.65 million, a P/E ratio of 152.01 and a beta of 0.98. The business has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $22.42. Radware has a 12-month low of $16.25 and a 12-month high of $25.00.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. Research analysts anticipate that Radware will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RDWR. Jefferies Financial Group decreased their price objective on shares of Radware from $26.00 to $24.00 and set a “hold” rating for the company in a report on Monday, March 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Friday, February 14th.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.