Radware (NASDAQ:RDWR) Shares Up 5.9% – What’s Next?

Radware Ltd. (NASDAQ:RDWR)’s stock price rose 5.9% during trading on Monday . The stock traded as high as $22.12 and last traded at $22.45. Approximately 7,957 shares were traded during trading, a decline of 94% from the average daily volume of 123,871 shares. The stock had previously closed at $21.19.

Analyst Ratings Changes

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

Radware Stock Up 5.3 %

The stock has a 50 day moving average of $22.32 and a 200 day moving average of $22.44. The company has a market capitalization of $937.03 million, a price-to-earnings ratio of 159.19 and a beta of 0.95.

Radware (NASDAQ:RDWR) last issued 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 return on equity of 3.81% and a net margin of 2.20%. As a group, sell-side analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Radware

A number of large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $13,091,000 after purchasing an additional 360,710 shares in the last quarter. Barclays PLC boosted its holdings in shares of Radware by 137.4% during the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after buying an additional 9,112 shares in the last quarter. State Street Corp grew its position in shares of 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 period. JPMorgan Chase & Co. lifted its position in shares of Radware by 14.9% during 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 acquiring an additional 42,617 shares during the period. Finally, Ellsworth Advisors LLC bought a new position in Radware during the fourth quarter worth $632,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

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.