Banque Cantonale Vaudoise Acquires Shares of 85,951 Radware Ltd. (NASDAQ:RDWR)

Banque Cantonale Vaudoise acquired a new stake in Radware Ltd. (NASDAQ:RDWR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 85,951 shares of the information technology services provider’s stock, valued at approximately $1,858,000. Banque Cantonale Vaudoise owned approximately 0.20% of Radware at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its position in Radware by 13.5% during the first quarter. ARK Investment Management LLC now owns 89,327 shares of the information technology services provider’s stock worth $1,931,000 after purchasing an additional 10,594 shares in the last quarter. New York State Common Retirement Fund boosted its position in Radware by 12.2% during the first quarter. New York State Common Retirement Fund now owns 177,085 shares of the information technology services provider’s stock worth $3,829,000 after purchasing an additional 19,320 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Radware by 69.4% during the first quarter. Teacher Retirement System of Texas now owns 16,060 shares of the information technology services provider’s stock worth $347,000 after purchasing an additional 6,582 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Radware by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider’s stock worth $416,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Radware by 20.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 151,897 shares of the information technology services provider’s stock worth $3,284,000 after purchasing an additional 25,681 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wolfe Research assumed coverage on Radware in a research report on Tuesday, July 8th. They set an “outperform” rating for the company. Jefferies Financial Group lifted their price objective on Radware from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

Radware Stock Performance

Shares of RDWR opened at $26.69 on Thursday. The stock has a fifty day moving average of $27.11 and a two-hundred day moving average of $23.94. The company has a market capitalization of $1.14 billion, a PE ratio of 98.86 and a beta of 0.99. Radware Ltd. has a fifty-two week low of $18.46 and a fifty-two week high of $31.57.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. Radware had a net margin of 4.12% and a return on equity of 5.39%. The company had revenue of $74.22 million during the quarter, compared to analysts’ expectations of $73.42 million. During the same period in the previous year, the company earned $0.20 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current fiscal 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.