Penserra Capital Management LLC Buys New Position in Radware Ltd. $RDWR

Penserra Capital Management LLC bought a new stake in Radware Ltd. (NASDAQ:RDWR) during the second quarter, HoldingsChannel.com reports. The fund bought 2,885,913 shares of the information technology services provider’s stock, valued at approximately $84,960,000. Radware accounts for approximately 1.2% of Penserra Capital Management LLC’s holdings, making the stock its 15th largest holding. Penserra Capital Management LLC owned 0.07% of Radware at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ellsworth Advisors LLC raised its position in shares of Radware by 7.9% in the first quarter. Ellsworth Advisors LLC now owns 30,258 shares of the information technology services provider’s stock valued at $654,000 after buying an additional 2,206 shares during the last quarter. Deutsche Bank AG grew its stake in Radware by 32.3% in the 1st quarter. Deutsche Bank AG now owns 26,055 shares of the information technology services provider’s stock worth $563,000 after acquiring an additional 6,366 shares during the period. Teacher Retirement System of Texas grew its stake in Radware by 69.4% in the 1st quarter. Teacher Retirement System of Texas now owns 16,060 shares of the information technology services provider’s stock worth $347,000 after acquiring an additional 6,582 shares during the period. Quantbot Technologies LP raised its holdings in Radware by 257.1% in the 1st quarter. Quantbot Technologies LP now owns 9,292 shares of the information technology services provider’s stock valued at $201,000 after acquiring an additional 6,690 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Radware by 14.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 59,166 shares of the information technology services provider’s stock worth $1,742,000 after purchasing an additional 7,309 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $23.18 on Friday. The business has a 50-day moving average of $25.91 and a two-hundred day moving average of $25.79. The firm has a market capitalization of $989.48 million, a PE ratio of 61.00 and a beta of 0.97. Radware Ltd. has a 12 month low of $18.46 and a 12 month high of $31.57.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, October 29th. The information technology services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $75.31 million during the quarter, compared to analysts’ expectations of $74.97 million. Radware had a return on equity of 6.83% and a net margin of 5.66%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Radware has set its Q4 2025 guidance at 0.290-0.300 EPS. As a group, research analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RDWR. Jefferies Financial Group upped their target price on Radware from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, July 24th. Barclays restated an “overweight” rating and issued a $35.00 price target (up previously from $30.00) on shares of Radware in a report on Thursday, July 31st. Wall Street Zen lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Radware in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.50.

Radware 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.