Man Group plc Acquires 183,258 Shares of Radware Ltd. (NASDAQ:RDWR)

Man Group plc boosted its holdings in Radware Ltd. (NASDAQ:RDWR) by 506.9% during the fourth quarter, Holdings Channel reports. The fund owned 219,408 shares of the information technology services provider’s stock after purchasing an additional 183,258 shares during the period. Man Group plc’s holdings in Radware were worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RDWR. Ellsworth Advisors LLC bought a new position in Radware during the 4th quarter worth $632,000. R Squared Ltd bought a new position in Radware during the 4th quarter worth $62,000. Robeco Institutional Asset Management B.V. increased its position in Radware by 127.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after buying an additional 70,703 shares during the period. Plato Investment Management Ltd bought a new position in Radware during the 4th quarter worth $30,000. Finally, Inceptionr LLC increased its position in Radware by 8.6% during the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider’s stock worth $332,000 after buying an additional 1,161 shares during the period. Institutional investors own 73.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RDWR. Jefferies Financial Group lowered their price objective on Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Friday, February 14th.

Radware Trading Down 0.4%

Shares of RDWR stock opened at $23.68 on Wednesday. Radware Ltd. has a 12 month low of $17.01 and a 12 month high of $25.00. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 169.15 and a beta of 0.95. The business’s 50-day moving average price is $22.11 and its 200-day moving average price is $22.47.

Radware (NASDAQ:RDWR) last issued 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. Radware had a return on equity of 3.81% and a net margin of 2.20%. The company had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal 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.