Quantamental Technologies LLC grew its position in shares of Radware Ltd. (NASDAQ:RDWR) by 324.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,346 shares of the information technology services provider’s stock after buying an additional 1,793 shares during the quarter. Quantamental Technologies LLC’s holdings in Radware were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of Radware by 2.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,854,946 shares of the information technology services provider’s stock valued at $45,874,000 after buying an additional 53,101 shares during the period. Ibex Investors LLC raised its holdings in Radware by 42.4% in the 2nd quarter. Ibex Investors LLC now owns 670,000 shares of the information technology services provider’s stock worth $16,569,000 after purchasing an additional 199,600 shares during the period. Rice Hall James & Associates LLC raised its holdings in Radware by 16.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 582,557 shares of the information technology services provider’s stock worth $14,407,000 after purchasing an additional 83,551 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Radware by 33.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 365,110 shares of the information technology services provider’s stock worth $9,029,000 after purchasing an additional 90,624 shares during the period. Finally, Monarch Partners Asset Management LLC raised its holdings in Radware by 2.4% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 255,210 shares of the information technology services provider’s stock worth $6,311,000 after purchasing an additional 6,050 shares during the period. 73.02% of the stock is currently owned by hedge funds and other institutional investors.

Radware stock traded down $0.01 during trading on Friday, reaching $24.68. The company had a trading volume of 1,531 shares, compared to its average volume of 87,496. Radware Ltd. has a 52 week low of $21.43 and a 52 week high of $27.00. The firm’s 50-day simple moving average is $25.25 and its 200 day simple moving average is $25.08. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 85.31, a price-to-earnings-growth ratio of 2.72 and a beta of 0.91.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Radware had a return on equity of 6.35% and a net margin of 7.84%. The business had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.04 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Radware Ltd. will post 0.5 EPS for the current year.

A number of brokerages recently commented on RDWR. BidaskClub cut Radware from a “sell” rating to a “strong sell” rating in a report on Saturday, September 7th. Zacks Investment Research raised Radware from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Radware has a consensus rating of “Buy” and an average price target of $29.67.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

Read More: How the Consumer Price Index (CPI) is calculated?

Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.