Radware Ltd. (NASDAQ:RDWR) Short Interest Up 34.7% in March

Radware Ltd. (NASDAQ:RDWR) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 567,000 shares, a growth of 34.7% from the March 15th total of 420,900 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 134,100 shares, the short-interest ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group decreased their price target on Radware from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, March 31st.

Radware Stock Up 1.0 %

Shares of Radware stock opened at $21.28 on Friday. The firm has a market cap of $893.65 million, a PE ratio of 152.01 and a beta of 0.98. The business’s fifty day simple moving average is $21.99 and its 200-day simple moving average is $22.43. Radware has a 52 week low of $16.20 and a 52 week high of $25.00.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. As a group, equities analysts expect that Radware will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of Radware in the fourth quarter valued at $28,000. Plato Investment Management Ltd purchased a new stake in Radware during the fourth quarter valued at about $30,000. New Age Alpha Advisors LLC acquired a new position in Radware during the fourth quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new position in Radware in the fourth quarter valued at about $59,000. Finally, R Squared Ltd acquired a new stake in shares of Radware in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

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.