Banque Cantonale Vaudoise Takes Position in Radware Ltd. (NASDAQ:RDWR)

Banque Cantonale Vaudoise acquired a new stake in shares of Radware Ltd. (NASDAQ:RDWR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 85,951 shares of the information technology services provider’s stock, valued at approximately $1,858,000.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Radware by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider’s stock worth $416,000 after purchasing an additional 2,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Radware by 34.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,660 shares of the information technology services provider’s stock valued at $1,885,000 after buying an additional 21,252 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Radware by 424.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider’s stock valued at $1,169,000 after buying an additional 42,009 shares during the last quarter. SG Americas Securities LLC purchased a new position in Radware in the 1st quarter valued at about $2,127,000. Finally, ARK Investment Management LLC boosted its position in Radware by 13.5% in the 1st quarter. ARK Investment Management LLC now owns 89,327 shares of the information technology services provider’s stock valued at $1,931,000 after buying an additional 10,594 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RDWR has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of Radware in a research report on Tuesday, July 8th. They issued an “outperform” rating for the company. Jefferies Financial Group increased their price target on shares of Radware from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Radware currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Radware Stock Down 5.8%

RDWR opened at $26.69 on Thursday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 98.86 and a beta of 0.99. Radware Ltd. has a fifty-two week low of $18.46 and a fifty-two week high of $31.57. The company’s 50-day moving average price is $27.11 and its 200 day moving average price is $23.94.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. Radware had a net margin of 4.12% and a return on equity of 5.39%. The firm had revenue of $74.22 million for the quarter, compared to analyst estimates of $73.42 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. Radware’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.

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.