21,227 Shares in Radware Ltd. $RDWR Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Radware Ltd. (NASDAQ:RDWR) in the third quarter, Holdings Channel reports. The fund acquired 21,227 shares of the information technology services provider’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Radware by 200.9% during the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock worth $62,000 after buying an additional 1,563 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Radware in the second quarter worth $485,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 valued at $519,000 after purchasing an additional 4,677 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Radware by 49.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,569 shares of the information technology services provider’s stock worth $651,000 after purchasing an additional 8,080 shares during the period. Finally, Tidal Investments LLC increased its holdings in Radware by 23.8% in the 2nd quarter. Tidal Investments LLC now owns 30,141 shares of the information technology services provider’s stock valued at $887,000 after buying an additional 5,803 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Jefferies Financial Group set a $25.00 target price on Radware in a research note on Tuesday, December 16th. Finally, Wall Street Zen lowered Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Radware has a consensus rating of “Hold” and an average target price of $30.00.

Radware Price Performance

RDWR stock opened at $24.21 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 53.80 and a beta of 0.95. The company has a 50 day simple moving average of $24.68 and a 200 day simple moving average of $24.85. Radware Ltd. has a 1 year low of $18.46 and a 1 year high of $31.57.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, February 11th. The information technology services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $80.25 million for the quarter, compared to analysts’ expectations of $78.65 million. Radware had a net margin of 6.71% and a return on equity of 7.21%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Radware announced that its Board of Directors has approved a share buyback 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 repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About Radware

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.