Robeco Institutional Asset Management B.V. Has $3.28 Million Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Robeco Institutional Asset Management B.V. grew its stake in Radware Ltd. (NASDAQ:RDWR) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,897 shares of the information technology services provider’s stock after buying an additional 25,681 shares during the period. Robeco Institutional Asset Management B.V. owned 0.36% of Radware worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. increased its stake in shares of Radware by 2.4% in the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider’s stock valued at $813,000 after buying an additional 855 shares during the period. Geode Capital Management LLC grew its stake in Radware by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider’s stock worth $1,795,000 after purchasing an additional 902 shares during the period. Bank of Montreal Can grew its stake in Radware by 10.1% during the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider’s stock worth $248,000 after purchasing an additional 1,007 shares during the period. Deutsche Bank AG grew its stake in Radware by 5.6% during the fourth quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 1,040 shares during the period. Finally, Inceptionr LLC grew its stake in Radware by 8.6% during the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider’s stock worth $332,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group decreased their target price on Radware from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, March 31st.

Radware Price Performance

NASDAQ RDWR opened at $29.58 on Wednesday. The business has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $23.01. The stock has a market capitalization of $1.26 billion, a P/E ratio of 109.56 and a beta of 0.99. Radware Ltd. has a one year low of $17.36 and a one year high of $29.71.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities analysts expect that Radware Ltd. will post 0.28 earnings per share for the current year.

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.