Invesco Ltd. Acquires 855 Shares of Radware Ltd. (NASDAQ:RDWR)

Invesco Ltd. grew its position in Radware Ltd. (NASDAQ:RDWR) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,094 shares of the information technology services provider’s stock after purchasing an additional 855 shares during the quarter. Invesco Ltd. owned approximately 0.09% of Radware worth $813,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of Radware during the 4th quarter worth about $30,000. New Age Alpha Advisors LLC bought a new stake in Radware in the 4th quarter valued at $32,000. Quantbot Technologies LP acquired a new position in shares of Radware in the 4th quarter valued at $59,000. R Squared Ltd bought a new position in shares of Radware during the 4th quarter worth about $62,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Radware during the 4th quarter valued at about $149,000. Institutional investors own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Radware Price Performance

Shares of Radware stock opened at $23.42 on Friday. The firm has a 50 day simple moving average of $21.80 and a 200 day simple moving average of $22.42. The firm has a market cap of $983.52 million, a P/E ratio of 167.30 and a beta of 0.98. Radware Ltd. has a fifty-two week low of $16.82 and a fifty-two week high of $25.00.

Radware (NASDAQ:RDWR) last issued its 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 net margin of 2.20% and a return on equity of 3.81%. On average, sell-side analysts expect that Radware Ltd. will post 0.28 EPS for the current year.

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.