Short Interest in Radware Ltd. (NASDAQ:RDWR) Decreases By 18.1%

Radware Ltd. (NASDAQ:RDWR) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 414,300 shares, a decline of 18.1% from the August 15th total of 505,600 shares. Based on an average trading volume of 399,000 shares, the short-interest ratio is currently 1.0 days. Approximately 1.3% of the company’s stock are sold short.

Radware Stock Up 1.1 %

NASDAQ RDWR opened at $21.11 on Tuesday. The company has a 50-day moving average price of $20.56 and a 200-day moving average price of $19.21. Radware has a 52 week low of $13.53 and a 52 week high of $23.05. The firm has a market capitalization of $935.32 million, a P/E ratio of -45.89 and a beta of 0.97.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. The business had revenue of $67.28 million during the quarter, compared to analysts’ expectations of $66.10 million. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. As a group, equities research analysts anticipate that Radware will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Radware

A number of institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new stake in Radware in the first quarter worth about $494,000. Acadian Asset Management LLC increased its holdings in Radware by 7.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider’s stock worth $31,577,000 after acquiring an additional 115,089 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Radware by 67.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,441 shares of the information technology services provider’s stock worth $1,777,000 after acquiring an additional 39,117 shares during the period. Trexquant Investment LP purchased a new position in Radware during the fourth quarter valued at approximately $445,000. Finally, First Trust Advisors LP boosted its position in shares of Radware by 90.4% in the fourth quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock worth $40,815,000 after purchasing an additional 1,161,535 shares during the period. 73.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays lifted their target price on Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Wednesday, July 31st.

About Radware

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.