Cresset Asset Management LLC Sells 5,224 Shares of Radware Ltd. (NASDAQ:RDWR)

Cresset Asset Management LLC lessened its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,157 shares of the information technology services provider’s stock after selling 5,224 shares during the quarter. Cresset Asset Management LLC’s holdings in Radware were worth $589,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Legal & General Group Plc grew its stake in shares of Radware by 14.8% in the fourth quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider’s stock worth $50,370,000 after purchasing an additional 287,913 shares during the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of Radware by 264.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 956,764 shares of the information technology services provider’s stock worth $21,556,000 after purchasing an additional 694,112 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Radware by 2.4% in the fourth quarter. First Trust Advisors LP now owns 882,255 shares of the information technology services provider’s stock worth $19,877,000 after purchasing an additional 20,658 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Radware by 23.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider’s stock worth $16,395,000 after purchasing an additional 140,135 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Radware by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider’s stock worth $9,868,000 after purchasing an additional 27,804 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RDWR. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Friday, February 14th. Jefferies Financial Group reduced their price objective 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.

Radware Trading Up 3.0%

Shares of Radware stock opened at $24.06 on Wednesday. The business has a 50-day moving average price of $21.89 and a two-hundred day moving average price of $22.42. Radware Ltd. has a 1-year low of $17.01 and a 1-year high of $25.00. The company has a market cap of $1.03 billion, a P/E ratio of 171.87 and a beta of 0.95.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $72.08 million for the quarter, compared to analysts’ expectations of $70.56 million. Radware had a net margin of 2.20% and a return on equity of 3.81%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities research analysts forecast that Radware Ltd. will post 0.28 EPS for the current fiscal 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.