Meitav Investment House Ltd. Sells 9,959 Shares of Radware Ltd. (NASDAQ:RDWR)

Meitav Investment House Ltd. decreased its holdings in Radware Ltd. (NASDAQ:RDWR) by 39.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,041 shares of the information technology services provider’s stock after selling 9,959 shares during the quarter. Meitav Investment House Ltd.’s holdings in Radware were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RDWR. GSA Capital Partners LLP raised its holdings in shares of Radware by 247.3% in the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after buying an additional 81,718 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Radware by 159.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after acquiring an additional 360,710 shares during the last quarter. Barclays PLC grew its stake in shares of Radware by 137.4% during the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after purchasing an additional 9,112 shares during the last quarter. State Street Corp increased its holdings in shares of Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after purchasing an additional 23,725 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Radware by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RDWR. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Friday, February 14th. Barclays raised their target price on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Radware Stock Down 0.5 %

RDWR stock opened at $23.40 on Friday. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $25.00. The company has a market cap of $982.57 million, a P/E ratio of 167.15 and a beta of 0.96. The business’s fifty day moving average is $22.53 and its 200-day moving average is $22.41.

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

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.