Radware Ltd. (NASDAQ:RDWR) Given Consensus Rating of “Hold” by Analysts

Radware Ltd. (NASDAQ:RDWR) has earned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.00.

A number of equities analysts have commented on RDWR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Thursday, May 7th.

Insider Buying and Selling at Radware

In other Radware news, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, the chief operating officer owned 61,422 shares of the company’s stock, valued at $1,781,238. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rivkah Goldriech sold 1,375 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider directly owned 60,741 shares of the company’s stock, valued at approximately $1,791,859.50. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. 21.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares during the period. California State Teachers Retirement System boosted its stake in Radware by 1.1% during the first quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock worth $958,000 after buying an additional 402 shares during the period. Simplex Trading LLC lifted its stake in Radware by 51.4% during the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 524 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Radware by 4.5% during the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after buying an additional 527 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Stock Performance

NASDAQ RDWR opened at $27.94 on Monday. The stock’s fifty day moving average is $27.34 and its two-hundred day moving average is $25.40. The firm has a market capitalization of $1.18 billion, a P/E ratio of 64.98 and a beta of 0.85. Radware has a fifty-two week low of $21.68 and a fifty-two week high of $31.92.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.The company had revenue of $79.81 million for the quarter.

Radware announced that its board has initiated a stock repurchase program on Friday, February 13th that allows the company to buyback $80.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are 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.