Short Interest in Radware Ltd. (NASDAQ:RDWR) Increases By 22.0%

Radware Ltd. (NASDAQ:RDWR) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 524,300 shares, a growth of 22.0% from the June 30th total of 429,600 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 407,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its holdings in shares of Radware by 14.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock worth $236,000 after acquiring an additional 1,774 shares during the period. California State Teachers Retirement System boosted its position in Radware by 9.7% during the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock worth $762,000 after purchasing an additional 3,599 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 4,539 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Radware by 7.0% in the second quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock valued at $2,436,000 after buying an additional 8,715 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Radware during the 1st quarter worth $494,000. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Price Performance

Shares of RDWR traded up $0.07 during midday trading on Friday, reaching $18.55. 127,223 shares of the stock were exchanged, compared to its average volume of 260,385. Radware has a twelve month low of $13.53 and a twelve month high of $20.94. The business’s 50-day moving average price is $18.66 and its 200 day moving average price is $18.31. The company has a market capitalization of $821.89 million, a price-to-earnings ratio of -40.33 and a beta of 0.98.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $65.10 million for the quarter, compared to analyst estimates of $63.57 million. Radware had a negative net margin of 7.67% and a negative return on equity of 2.62%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, equities research analysts expect that Radware will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RDWR has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, May 17th. StockNews.com cut Radware from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

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.