Radware (NASDAQ:RDWR) Stock Moved Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Radware (NASDAQ:RDWR) from a buy rating to a hold rating in a research note published on Monday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Radware from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Radware presently has an average rating of “Hold” and a consensus target price of $25.00.

Radware Trading Down 0.1%

Shares of RDWR stock opened at $30.68 on Monday. The business’s 50 day moving average is $28.57 and its two-hundred day moving average is $28.23. Radware has a twelve month low of $21.68 and a twelve month high of $32.79. The company has a market capitalization of $1.29 billion, a P/E ratio of 80.74 and a beta of 0.86.

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

Insider Buying and Selling

In other Radware news, COO Gabriel Malka sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $195,000.00. Following the transaction, the chief operating officer owned 47,922 shares in the company, valued at approximately $1,437,660. The trade was a 11.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Guy Avidan bought 2,000 shares of the company’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 transaction, the chief financial officer directly owned 95,800 shares in the company, valued at $2,415,118. This trade represents a 2.13% increase in their position. The disclosure for this purchase is available in the SEC filing. 21.58% of the stock is currently owned by insiders.

Institutional Trading of Radware

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

About Radware

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and data from cyber threats while maintaining the availability, performance and reliability of business-critical services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.

Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.