GSA Capital Partners LLP Decreases Holdings in Radware Ltd. $RDWR

GSA Capital Partners LLP decreased its position in Radware Ltd. (NASDAQ:RDWR) by 47.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,129 shares of the information technology services provider’s stock after selling 28,649 shares during the quarter. GSA Capital Partners LLP owned 0.07% of Radware worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in shares of Radware by 19.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,361 shares of the information technology services provider’s stock worth $1,689,000 after acquiring an additional 9,241 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Radware during the 2nd quarter valued at $84,960,000. Acadian Asset Management LLC raised its position in Radware by 3.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock worth $50,454,000 after purchasing an additional 64,298 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Radware by 36.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,618 shares of the information technology services provider’s stock worth $519,000 after purchasing an additional 4,677 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Radware by 26.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after buying an additional 556,551 shares during the period. 73.12% of the stock is currently owned by institutional investors.

Radware Stock Performance

RDWR stock opened at $24.21 on Friday. The firm has a 50 day moving average price of $24.68 and a 200-day moving average price of $24.85. Radware Ltd. has a 52-week low of $18.46 and a 52-week high of $31.57. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 53.80 and a beta of 0.95.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 11th. The information technology services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. Radware had a net margin of 6.71% and a return on equity of 7.21%. The company had revenue of $80.25 million for the quarter, compared to the consensus estimate of $78.65 million. During the same period in the prior year, the firm posted $0.27 EPS. Radware’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Radware declared that its board has authorized a stock repurchase plan on Friday, February 13th that permits the company to buyback $80.00 million in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RDWR. Jefferies Financial Group set a $25.00 target price on Radware in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Radware from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Radware currently has an average rating of “Hold” and an average price target of $30.00.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.