Radware (NASDAQ:RDWR) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Radware (NASDAQ:RDWR) in a report issued on Friday morning,Benzinga reports.

Separately, Barclays boosted their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Radware Trading Down 0.3 %

Shares of NASDAQ:RDWR opened at $24.05 on Friday. The stock has a 50 day moving average of $22.51 and a 200 day moving average of $22.35. Radware has a 12-month low of $16.12 and a 12-month high of $25.00.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data 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%. As a group, research analysts expect that Radware will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in Radware by 485.3% in the 4th quarter. Northern Trust Corp now owns 74,469 shares of the information technology services provider’s stock worth $1,678,000 after purchasing an additional 61,745 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Radware in the 4th quarter worth approximately $422,000. Two Sigma Securities LLC boosted its stake in Radware by 16.6% in the 4th quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 1,545 shares during the period. Oberweis Asset Management Inc. boosted its stake in Radware by 3.8% in the 4th quarter. Oberweis Asset Management Inc. now owns 274,700 shares of the information technology services provider’s stock worth $6,189,000 after purchasing an additional 10,000 shares during the period. Finally, First Trust Advisors LP boosted its stake in Radware by 2.4% in the 4th quarter. First Trust Advisors LP now owns 882,255 shares of the information technology services provider’s stock worth $19,877,000 after purchasing an additional 20,658 shares during the period. 73.12% of the stock is currently owned by institutional investors.

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.