Radware Ltd. (NASDAQ:RDWR) Stake Lowered by Magnetar Financial LLC

Magnetar Financial LLC decreased its stake in Radware Ltd. (NASDAQ:RDWR) by 57.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,628 shares of the information technology services provider’s stock after selling 12,998 shares during the period. Magnetar Financial LLC’s holdings in Radware were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in Radware in the fourth quarter valued at $30,000. R Squared Ltd bought a new stake in Radware in the 4th quarter valued at about $62,000. Teacher Retirement System of Texas acquired a new position in Radware during the 4th quarter valued at about $214,000. Point72 Asset Management L.P. grew its position in Radware by 78.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock worth $263,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Inceptionr LLC increased its stake in shares of Radware by 8.6% in the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider’s stock valued at $332,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Stock Up 1.6 %

RDWR stock opened at $22.99 on Monday. The company has a 50-day simple moving average of $22.40 and a 200 day simple moving average of $22.47. The company has a market capitalization of $965.47 million, a P/E ratio of 164.23 and a beta of 0.95. Radware Ltd. has a fifty-two week low of $16.12 and a fifty-two week high of $25.00.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. Equities analysts anticipate that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Friday, February 14th.

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.