Radware Ltd. (NASDAQ:RDWR) Short Interest Up 34.7% in March

Radware Ltd. (NASDAQ:RDWR) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 567,000 shares, an increase of 34.7% from the March 15th total of 420,900 shares. Based on an average daily volume of 134,100 shares, the short-interest ratio is presently 4.2 days. Currently, 1.8% of the shares of the stock are short sold.

Radware Stock Performance

Shares of NASDAQ:RDWR opened at $21.28 on Friday. The firm has a market cap of $893.65 million, a price-to-earnings ratio of 152.01 and a beta of 0.98. The firm has a fifty day moving average price of $21.95 and a 200 day moving average price of $22.42. Radware has a fifty-two week low of $16.25 and a fifty-two week high of $25.00.

Radware (NASDAQ:RDWR) last released its quarterly earnings data 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%. As a group, research analysts predict that Radware will post 0.28 earnings per share for the current year.

Institutional Trading of Radware

A number of large investors have recently added to or reduced their stakes in RDWR. Barclays PLC boosted its position 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 valued at $350,000 after acquiring an additional 9,112 shares during the last quarter. State Street Corp lifted its position in Radware by 4.2% during the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after purchasing an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Radware by 14.9% during 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. Ellsworth Advisors LLC purchased a new position in shares of Radware in the 4th quarter worth $632,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Radware by 127.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after buying an additional 70,703 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on RDWR shares. Jefferies Financial Group lowered their target price on shares of Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Friday, February 14th.

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.