Radware Ltd. (NASDAQ:RDWR) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in Radware Ltd. (NASDAQ:RDWR) by 424.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,904 shares of the information technology services provider’s stock after purchasing an additional 42,009 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Radware worth $1,169,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Radware by 23.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider’s stock worth $16,395,000 after acquiring an additional 140,135 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Radware by 127.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after acquiring an additional 70,703 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Radware by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after acquiring an additional 42,617 shares during the last quarter. Ellsworth Advisors LLC acquired a new stake in Radware during the fourth quarter worth approximately $632,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Radware by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider’s stock worth $9,868,000 after acquiring an additional 27,804 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Stock Up 0.7 %

NASDAQ:RDWR opened at $23.86 on Thursday. The company has a market cap of $1.00 billion, a P/E ratio of 170.44 and a beta of 0.98. Radware Ltd. has a fifty-two week low of $16.55 and a fifty-two week high of $25.00. The firm’s 50 day moving average is $21.78 and its two-hundred day moving average is $22.42.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Friday, February 14th.

Radware Profile

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.