Migdal Insurance & Financial Holdings Ltd. grew its stake in Radware Ltd. (NASDAQ:RDWR) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,958 shares of the information technology services provider’s stock after purchasing an additional 535 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Radware were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RDWR. Wells Fargo & Company MN boosted its position in Radware by 81.9% in the 1st quarter. Wells Fargo & Company MN now owns 50,660 shares of the information technology services provider’s stock worth $819,000 after purchasing an additional 22,815 shares in the last quarter. US Bancorp DE boosted its position in Radware by 142.2% in the 1st quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 9,248 shares in the last quarter. Oxford Asset Management purchased a new stake in Radware in the 1st quarter worth approximately $270,000. JPMorgan Chase & Co. boosted its position in Radware by 24.1% in the 1st quarter. JPMorgan Chase & Co. now owns 41,508 shares of the information technology services provider’s stock worth $671,000 after purchasing an additional 8,073 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Radware by 130.8% in the 1st quarter. Wellington Management Group LLP now owns 331,979 shares of the information technology services provider’s stock worth $5,365,000 after purchasing an additional 188,139 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Shares of Radware Ltd. (RDWR) traded down 0.06% on Thursday, hitting $17.20. The stock had a trading volume of 4,297 shares. The stock’s market cap is $753.72 million. Radware Ltd. has a 12 month low of $11.46 and a 12 month high of $18.33. The firm has a 50 day moving average of $17.08 and a 200 day moving average of $17.14.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.06. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative return on equity of 2.14% and a negative net margin of 6.41%. Radware’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities analysts forecast that Radware Ltd. will post $0.14 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on RDWR shares. Jefferies Group LLC reiterated a “buy” rating on shares of Radware in a research report on Friday, October 6th. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of Radware in a research report on Tuesday, September 12th. BidaskClub lowered Radware from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Imperial Capital reiterated an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Radware in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Radware from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.36.

About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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