Radware Ltd. (NASDAQ:RDWR) Receives Average Rating of “Hold” from Brokerages

Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.00.

A number of equities analysts have issued reports on RDWR shares. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research note on Thursday, May 7th.

Insider Transactions at Radware

In other Radware news, insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the transaction, the insider owned 60,741 shares in the company, valued at approximately $1,791,859.50. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $29.00, for a total value of $90,219.00. Following the transaction, the chief operating officer owned 61,422 shares of the company’s stock, valued at $1,781,238. This trade represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radware

Hedge funds and other institutional investors have recently modified their holdings of the business. Artisan Partners Limited Partnership boosted its stake in shares of Radware by 16.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider’s stock worth $82,920,000 after buying an additional 431,572 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Radware in the 4th quarter worth approximately $503,000. New York State Common Retirement Fund boosted its stake in shares of Radware by 27.2% in the 3rd quarter. New York State Common Retirement Fund now owns 274,362 shares of the information technology services provider’s stock worth $7,268,000 after buying an additional 58,730 shares during the last quarter. Semanteon Capital Management LP purchased a new position in shares of Radware in the 3rd quarter worth approximately $562,000. Finally, Robertson Stephens Wealth Management LLC purchased a new position in shares of Radware in the 4th quarter worth approximately $709,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Price Performance

Shares of RDWR opened at $27.94 on Monday. The stock has a 50-day moving average of $27.34 and a 200-day moving average of $25.37. The company has a market cap of $1.18 billion, a PE ratio of 64.98 and a beta of 0.85. Radware has a one year low of $21.68 and a one year high of $31.92.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 EPS for the quarter. The company had revenue of $79.81 million during the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.

Radware declared that its board has initiated a share repurchase plan on Friday, February 13th that authorizes the company to buyback $80.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission?critical applications. Its product portfolio includes on?premises and cloud?based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real?time behavioral analysis, machine learning and automation to protect against distributed denial?of?service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.