ARK Investment Management LLC Has $1.91 Million Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

ARK Investment Management LLC trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,212 shares of the information technology services provider’s stock after selling 2,195 shares during the period. ARK Investment Management LLC owned approximately 0.26% of Radware worth $1,905,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in shares of Radware by 53.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after buying an additional 419 shares during the period. Bank of New York Mellon Corp raised its position in shares of Radware by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,925 shares of the information technology services provider’s stock valued at $832,000 after buying an additional 693 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Radware by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 75,104 shares of the information technology services provider’s stock valued at $1,618,000 after buying an additional 797 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Radware by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 44,697 shares of the information technology services provider’s stock valued at $974,000 after buying an additional 871 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC increased its position in Radware by 1.1% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 84,444 shares of the information technology services provider’s stock worth $1,840,000 after purchasing an additional 912 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Trading Down 0.2 %

Shares of NASDAQ:RDWR opened at $18.79 on Thursday. Radware Ltd. has a twelve month low of $13.53 and a twelve month high of $23.35. The company has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $16.91.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The company had revenue of $65.03 million during the quarter, compared to analyst estimates of $64.01 million. During the same period last year, the business earned ($0.04) earnings per share. Radware’s revenue was down 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Radware Ltd. will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RDWR. Barclays boosted their target price on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. StockNews.com upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.

Radware Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, on-premise, and software defined data centers worldwide. It offers DefensePro, a real-time network attack mitigation device that protects the data center and application infrastructure; Radware Kubernetes, a Web Application Firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.