Mirae Asset Global Investments Co. Ltd. Lowers Stake in Radware Ltd. (NASDAQ:RDWR)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,981 shares of the information technology services provider’s stock after selling 2,702 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Radware were worth $371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RDWR. nVerses Capital LLC acquired a new stake in Radware during the 3rd quarter worth approximately $51,000. Rice Hall James & Associates LLC lifted its position in Radware by 6.4% during the third quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock valued at $20,757,000 after buying an additional 56,116 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Radware by 162.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock worth $1,237,000 after buying an additional 34,332 shares during the period. GSA Capital Partners LLP increased its position 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 worth $2,557,000 after acquiring an additional 81,718 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of Radware by 9.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock valued at $2,111,000 after acquiring an additional 8,288 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RDWR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research report on Friday, January 17th. Barclays upped their target price on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st.

Radware Price Performance

Radware stock opened at $24.12 on Friday. Radware Ltd. has a 12-month low of $16.12 and a 12-month high of $25.00. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -401.93 and a beta of 0.96. The firm’s fifty day moving average price is $22.49 and its 200 day moving average price is $22.30.

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 positive return on equity of 1.41% and a negative net margin of 0.85%. Analysts forecast that Radware Ltd. will post 0.25 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.