Teacher Retirement System of Texas Purchases 6,582 Shares of Radware Ltd. (NASDAQ:RDWR)

Teacher Retirement System of Texas increased its stake in Radware Ltd. (NASDAQ:RDWR) by 69.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,060 shares of the information technology services provider’s stock after purchasing an additional 6,582 shares during the period. Teacher Retirement System of Texas’ holdings in Radware were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Radware by 2.4% during the 4th quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider’s stock worth $813,000 after acquiring an additional 855 shares during the period. Geode Capital Management LLC grew its holdings in Radware by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider’s stock worth $1,795,000 after acquiring an additional 902 shares during the period. Bank of Montreal Can grew its holdings in Radware by 10.1% during the 4th quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider’s stock worth $248,000 after acquiring an additional 1,007 shares during the period. Deutsche Bank AG grew its holdings in Radware by 5.6% during the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 1,040 shares during the period. Finally, Covestor Ltd acquired a new stake in Radware during the 4th quarter worth $28,000. Institutional investors own 73.12% of the company’s stock.

Radware Trading Up 2.0%

Shares of NASDAQ RDWR opened at $29.17 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 108.04 and a beta of 0.99. Radware Ltd. has a 1-year low of $17.36 and a 1-year high of $31.57. The company has a fifty day moving average price of $26.41 and a 200 day moving average price of $23.60.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $72.08 million during the quarter, compared to analyst estimates of $70.56 million. Radware had a net margin of 4.12% and a return on equity of 5.39%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Equities research analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

RDWR has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target 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. Wolfe Research initiated coverage on shares of Radware in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Radware currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.