Radware (NASDAQ:RDWR) Reaches New 12-Month High – Time to Buy?

Radware Ltd. (NASDAQ:RDWR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.00 and last traded at $24.25, with a volume of 88649 shares changing hands. The stock had previously closed at $23.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays increased their price target on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Friday, January 17th.

Radware Stock Performance

The business has a 50 day simple moving average of $22.49 and a 200-day simple moving average of $22.30.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a negative net margin of 0.85% and a positive return on equity of 1.41%. On average, equities research analysts predict that Radware Ltd. will post 0.25 earnings per share for the current year.

Institutional Trading of Radware

A number of hedge funds have recently modified their holdings of RDWR. nVerses Capital LLC purchased a new stake in shares of Radware in the third quarter valued at $51,000. Rice Hall James & Associates LLC lifted its holdings in shares of Radware by 6.4% in 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 purchasing an additional 56,116 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Radware by 162.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock valued at $1,237,000 after purchasing an additional 34,332 shares in the last quarter. GSA Capital Partners LLP lifted its holdings 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 valued at $2,557,000 after purchasing an additional 81,718 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Radware by 9.6% in the third quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock valued at $2,111,000 after purchasing an additional 8,288 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.