Radware (NASDAQ:RDWR) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Radware (NASDAQ:RDWR) in a report issued on Friday,Benzinga reports.

Separately, Barclays lifted their price objective on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

Radware Stock Down 0.3 %

RDWR opened at $24.05 on Friday. The stock has a 50-day moving average price of $22.51 and a 200-day moving average price of $22.35. Radware has a 1 year low of $16.12 and a 1 year high of $25.00.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a positive return on equity of 1.41% and a negative net margin of 0.85%. As a group, equities research analysts expect that Radware will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Radware

Several large investors have recently bought and sold shares of the business. Northern Trust Corp increased its holdings in Radware by 485.3% in the 4th quarter. Northern Trust Corp now owns 74,469 shares of the information technology services provider’s stock worth $1,678,000 after buying an additional 61,745 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Radware during the 4th quarter valued at about $422,000. Two Sigma Securities LLC grew its stake in shares of Radware by 16.6% during the 4th quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 1,545 shares during the period. Oberweis Asset Management Inc. grew its stake in shares of Radware by 3.8% during the 4th quarter. Oberweis Asset Management Inc. now owns 274,700 shares of the information technology services provider’s stock valued at $6,189,000 after purchasing an additional 10,000 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Radware by 2.4% during the 4th quarter. First Trust Advisors LP now owns 882,255 shares of the information technology services provider’s stock valued at $19,877,000 after purchasing an additional 20,658 shares during the period. 73.12% of the stock is currently owned by institutional investors.

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.