Radware Ltd. (NASDAQ:RDWR) Short Interest Down 18.1% in August

Radware Ltd. (NASDAQ:RDWR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 414,300 shares, a decline of 18.1% from the August 15th total of 505,600 shares. Based on an average trading volume of 399,000 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Radware

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC bought a new stake in shares of Radware in the 1st quarter worth about $494,000. Acadian Asset Management LLC increased its stake in Radware by 7.1% during the second quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider’s stock worth $31,577,000 after acquiring an additional 115,089 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Radware by 67.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,441 shares of the information technology services provider’s stock valued at $1,777,000 after purchasing an additional 39,117 shares during the period. Trexquant Investment LP bought a new stake in shares of Radware in the 4th quarter valued at approximately $445,000. Finally, First Trust Advisors LP boosted its holdings in shares of Radware by 90.4% in the 4th quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock worth $40,815,000 after purchasing an additional 1,161,535 shares during the period. Institutional investors own 73.12% of the company’s stock.

Radware Trading Up 1.1 %

Shares of RDWR stock opened at $21.11 on Tuesday. The stock’s 50-day moving average price is $20.56 and its 200-day moving average price is $19.21. Radware has a 12-month low of $13.53 and a 12-month high of $23.05. The stock has a market capitalization of $935.32 million, a price-to-earnings ratio of -45.89 and a beta of 0.97.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. The business had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. As a group, research analysts predict that Radware will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RDWR has been the subject of several research analyst reports. Barclays increased their target price on Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Wednesday, July 31st.

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.