Covestor Ltd Takes $28,000 Position in Radware Ltd. (NASDAQ:RDWR)

Covestor Ltd bought a new position in shares of Radware Ltd. (NASDAQ:RDWR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,242 shares of the information technology services provider’s stock, valued at approximately $28,000.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its holdings in Radware by 137.4% in the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after buying an additional 9,112 shares during the period. State Street Corp boosted its position in shares of Radware by 4.2% during the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock worth $13,071,000 after acquiring an additional 23,725 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after acquiring an additional 42,617 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in Radware during the fourth quarter valued at approximately $632,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Radware by 127.4% during the fourth 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 purchasing an additional 70,703 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RDWR shares. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research note on Friday, February 14th. Jefferies Financial Group decreased their target price on Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, March 31st.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $21.10 on Wednesday. Radware Ltd. has a one year low of $16.12 and a one year high of $25.00. The company has a market cap of $886.09 million, a price-to-earnings ratio of 150.73 and a beta of 0.98. The firm has a 50 day simple moving average of $22.07 and a 200 day simple moving average of $22.44.

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