Radware (NASDAQ:RDWR) Sets New 1-Year High – Here’s What Happened

Radware Ltd. (NASDAQ:RDWR) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $25.00 and last traded at $24.25, with a volume of 88649 shares traded. The stock had previously closed at $23.23.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Friday, January 17th. Barclays boosted their price target on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st.

Radware Stock Up 4.1 %

The firm has a market cap of $1.02 billion, a PE ratio of -401.68 and a beta of 0.96. The business has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $22.29.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a negative net margin of 0.85% and a positive return on equity of 1.41%. On average, equities research analysts predict that Radware Ltd. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of Radware by 247.3% in the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after purchasing an additional 81,718 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Radware by 159.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after buying an additional 360,710 shares during the last quarter. Barclays PLC boosted its stake in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after acquiring an additional 9,112 shares in the last quarter. State Street Corp grew its stake in Radware by 4.2% during the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock worth $13,071,000 after buying an additional 23,725 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Radware by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after acquiring an additional 42,617 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.