Nuveen Asset Management LLC Purchases 5,572 Shares of Radware Ltd. (NASDAQ:RDWR)

Nuveen Asset Management LLC increased its position in Radware Ltd. (NASDAQ:RDWR) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 192,027 shares of the information technology services provider’s stock after buying an additional 5,572 shares during the period. Nuveen Asset Management LLC owned about 0.46% of Radware worth $4,326,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Covestor Ltd bought a new position in shares of Radware during the 4th quarter valued at about $28,000. Plato Investment Management Ltd bought a new position in shares of Radware during the 4th quarter valued at about $30,000. New Age Alpha Advisors LLC bought a new position in shares of Radware during the 4th quarter valued at about $32,000. Quantbot Technologies LP bought a new position in shares of Radware during the 4th quarter valued at about $59,000. Finally, R Squared Ltd bought a new position in shares of Radware during the 4th quarter valued at about $62,000. Institutional investors own 73.12% of the company’s stock.

Radware Trading Down 0.8%

Shares of NASDAQ:RDWR opened at $23.21 on Friday. Radware Ltd. has a 12 month low of $17.01 and a 12 month high of $25.00. The company has a 50-day moving average price of $22.27 and a 200 day moving average price of $22.54. The company has a market cap of $990.77 million, a price-to-earnings ratio of 165.80 and a beta of 0.95.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Radware had a net margin of 2.20% and a return on equity of 3.81%. The firm had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on RDWR. Jefferies Financial Group dropped 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.

Radware Company 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.