Radware Ltd. (NASDAQ:RDWR) Short Interest Update

Radware Ltd. (NASDAQ:RDWR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 343,900 shares, a decline of 24.2% from the September 15th total of 453,600 shares. Based on an average daily volume of 238,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Trading of Radware

Several institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp raised its position in Radware by 16.4% in the second quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 1,291 shares during the period. California State Teachers Retirement System raised its holdings in Radware by 9.7% in the 1st quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock valued at $762,000 after buying an additional 3,599 shares during the period. BNP Paribas Financial Markets lifted its position in Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 4,539 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Radware during the second quarter worth about $120,000. Finally, ARK Investment Management LLC increased its position in shares of Radware by 7.0% during the second quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock valued at $2,436,000 after acquiring an additional 8,715 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RDWR shares. Needham & Company LLC restated a “hold” rating on shares of Radware in a report on Wednesday, July 31st. Barclays boosted their price target on shares of Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, StockNews.com upgraded shares of Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st.

Radware Trading Down 1.2 %

NASDAQ RDWR traded down $0.27 on Tuesday, reaching $23.20. 90,609 shares of the company were exchanged, compared to its average volume of 293,585. The business’s fifty day moving average price is $21.80 and its 200 day moving average price is $19.66. The stock has a market capitalization of $1.03 billion, a P/E ratio of -51.02 and a beta of 0.97. Radware has a fifty-two week low of $13.53 and a fifty-two week high of $24.21.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share for the quarter. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. The firm had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. Equities research analysts forecast that Radware will post 0.16 earnings per share 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.