Radware (NASDAQ:RDWR) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Radware (NASDAQ:RDWR) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Radware Stock Performance

Shares of RDWR stock opened at $29.56 on Friday. The firm’s 50 day moving average is $28.53 and its 200-day moving average is $28.03. Radware has a 1 year low of $21.68 and a 1 year high of $32.79. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 77.79 and a beta of 0.85.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 EPS for the quarter. The firm had revenue of $82.28 million for the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.

Insider Activity

In other Radware news, COO Gabriel Malka sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $195,000.00. Following the completion of the sale, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at approximately $1,437,660. The trade was a 11.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Guy Avidan bought 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the transaction, the chief financial officer owned 95,800 shares in the company, valued at approximately $2,415,118. This trade represents a 2.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 21.58% of the company’s stock.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently bought and sold shares of RDWR. Public Employees Retirement System of Ohio acquired a new stake in shares of Radware during the second quarter worth $2,057,000. Hennion & Walsh Asset Management Inc. lifted its stake in Radware by 87.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after buying an additional 25,499 shares during the period. Rice Hall James & Associates LLC boosted its holdings in Radware by 3.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock worth $16,069,000 after buying an additional 21,928 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Radware by 17.3% during the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock worth $2,580,000 after buying an additional 14,464 shares during the period. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Radware during the 1st quarter worth about $79,000. 73.12% of the stock is owned by institutional investors.

About Radware

Radware Ltd. is a global provider of application delivery and cybersecurity solutions. The company helps enterprises, telecommunications carriers, cloud service providers and other organizations protect digital assets, maintain application availability and improve the performance of business-critical applications across on-premises, hybrid and cloud environments.

Radware’s portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, network and application performance monitoring, and application delivery controllers.