ARK Investment Management LLC Has $1.77 Million Stake in Radware Ltd. (NASDAQ:RDWR)

ARK Investment Management LLC lowered its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 30.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 78,733 shares of the information technology services provider’s stock after selling 34,762 shares during the quarter. ARK Investment Management LLC’s holdings in Radware were worth $1,774,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP raised its position 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 acquiring an additional 81,718 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Radware by 159.0% in the third 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 purchasing an additional 360,710 shares during the period. Barclays PLC boosted its position in shares of Radware by 137.4% during the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 9,112 shares in the last quarter. State Street Corp grew its holdings in shares of Radware by 4.2% in the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after buying an additional 23,725 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Radware by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RDWR shares. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Friday, February 14th. Barclays lifted their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Stock Up 1.8 %

Shares of NASDAQ:RDWR opened at $23.19 on Thursday. The firm has a market cap of $973.86 million, a price-to-earnings ratio of 165.65 and a beta of 0.96. Radware Ltd. has a 12 month low of $16.12 and a 12 month high of $25.00. The company’s fifty day simple moving average is $22.54 and its 200 day simple moving average is $22.46.

Radware (NASDAQ:RDWR) last released its 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 return on equity of 3.81% and a net margin of 2.20%. Research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

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.