Plato Investment Management Ltd Acquires Shares of 1,325 Radware Ltd. (NASDAQ:RDWR)

Plato Investment Management Ltd acquired a new stake in Radware Ltd. (NASDAQ:RDWR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,325 shares of the information technology services provider’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RDWR. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 valued at $13,091,000 after purchasing an additional 360,710 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Radware by 247.3% in the third 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 during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Radware by 127.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock valued at $2,844,000 after purchasing an additional 70,703 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Radware in the third quarter valued at $1,117,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after purchasing an additional 42,617 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Stock Performance

RDWR stock opened at $22.27 on Thursday. The company’s 50-day simple moving average is $22.50 and its 200 day simple moving average is $22.47. Radware Ltd. has a 52 week low of $16.12 and a 52 week high of $25.00. The company has a market capitalization of $935.23 million, a PE ratio of 159.08 and a beta of 0.96.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. On average, analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Friday, February 14th.

Radware 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.