Radware (NASDAQ:RDWR) Hits New 1-Year High – What’s Next?

Radware Ltd. (NASDAQ:RDWR)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $32.18 and last traded at $32.13, with a volume of 237622 shares trading hands. The stock had previously closed at $30.41.

Wall Street Analyst Weigh In

RDWR has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Finally, Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Radware has an average rating of “Hold” and a consensus price target of $30.00.

Radware Stock Up 5.7%

The firm has a market capitalization of $1.35 billion, a PE ratio of 74.72 and a beta of 0.84. The business’s 50-day moving average price is $28.63 and its 200-day moving average price is $26.32.

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. The firm had revenue of $79.81 million for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Radware

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new stake in Radware in the fourth quarter worth approximately $503,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Radware during the 4th quarter valued at $709,000. Rice Hall James & Associates LLC raised its holdings in shares of Radware by 3.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock valued at $16,069,000 after purchasing an additional 21,928 shares in the last quarter. Swiss National Bank lifted its stake in shares of Radware by 3.0% in the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock valued at $1,832,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of Radware in the 1st quarter valued at $79,000. Institutional investors own 73.12% of the company’s stock.

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.