Radware (NASDAQ:RDWR) Hits New 1-Year High – What’s Next?

Shares of Radware Ltd. (NASDAQ:RDWR) hit a new 52-week high during trading on Thursday . The stock traded as high as $32.18 and last traded at $32.13, with a volume of 237622 shares changing hands. The stock had previously closed at $30.41.

Analysts Set New Price Targets

RDWR has been the subject of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Radware Stock Down 2.1%

The stock has a market capitalization of $1.32 billion, a PE ratio of 73.14 and a beta of 0.84. The business’s 50-day moving average is $28.86 and its two-hundred day moving average is $26.41.

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

Insider Buying and Selling at Radware

In other Radware news, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were 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. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, 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. The disclosure for this sale is available in the SEC filing. Insiders own 21.58% of the company’s stock.

Institutional Trading of Radware

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in Radware by 28.9% in the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock valued at $63,108,000 after buying an additional 588,064 shares in the last quarter. Defiance ETFs LLC purchased a new stake in shares of Radware during the 4th quarter worth approximately $9,152,000. First Trust Advisors LP grew its holdings in shares of Radware by 28.7% in the 4th quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock worth $37,638,000 after acquiring an additional 348,824 shares during the period. Deutsche Bank AG grew its holdings in shares of Radware by 908.4% in the 4th quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after acquiring an additional 272,481 shares during the period. Finally, Man Group plc increased its stake in Radware by 59.5% in the 3rd quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock valued at $11,445,000 after purchasing an additional 161,159 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

About Radware

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.