Radware (NASDAQ:RDWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Radware (NASDAQ:RDWR) from a hold rating to a buy rating in a research report released on Sunday morning,Wall Street Zen reports.

Radware Stock Performance

Shares of Radware stock opened at $29.25 on Friday. Radware has a 52-week low of $21.68 and a 52-week high of $32.79. The company’s 50 day moving average price is $28.49 and its 200-day moving average price is $28.09. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 76.98 and a beta of 0.85.

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

Insider Transactions at Radware

In related news, COO Gabriel Malka sold 6,500 shares of the business’s stock in a transaction dated 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 $1,437,660. The trade was a 11.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Guy Avidan purchased 2,000 shares of the stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $25.21 per share, with a total value of $50,420.00. Following the transaction, the chief financial officer directly owned 95,800 shares in the company, valued at $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 21.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC boosted its holdings in Radware by 2.4% in the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after acquiring an additional 16,204 shares in the last quarter. Lazard Asset Management LLC increased its position in Radware by 17.3% during the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock valued at $2,580,000 after purchasing an additional 14,464 shares during the period. Swiss National Bank raised its holdings in Radware by 3.0% in the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock worth $1,832,000 after purchasing an additional 2,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Radware in the 2nd quarter worth $2,057,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after purchasing an additional 25,499 shares during the period. Institutional investors own 73.12% of the company’s stock.

About Radware

Radware Ltd. is a global provider of application delivery and cybersecurity solutions. The company helps enterprises, telecommunications carriers, cloud service providers and other organizations protect digital assets, maintain application availability and improve the performance of business-critical applications across on-premises, hybrid and cloud environments.

Radware’s portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, network and application performance monitoring, and application delivery controllers.