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 note published on Tuesday morning,Wall Street Zen reports.

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

Radware Stock Down 1.2%

Shares of NASDAQ RDWR opened at $28.37 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 45.59 and a beta of 0.86. The stock’s fifty day simple moving average is $29.01 and its 200 day simple moving average is $28.44. Radware has a 52-week low of $21.68 and a 52-week high of $32.79.

Radware (NASDAQ:RDWR) last announced 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 company had revenue of $82.28 million for the quarter.

Insider Activity at Radware

In other Radware news, COO Gabriel Malka sold 6,500 shares of Radware stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the transaction, the chief operating officer directly 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 this hyperlink. Also, CFO Guy Avidan acquired 2,000 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the transaction, the chief financial officer owned 95,800 shares in the company, valued at approximately $2,415,118. This represents a 2.13% increase in their position. The SEC filing for this purchase provides additional information. 21.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Radware

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of Radware by 48.8% in 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 grew its holdings in shares of 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 valued at $958,000 after buying an additional 402 shares in the last quarter. Handelsbanken Fonder AB raised its position in Radware by 3.7% during the second quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider’s stock valued at $602,000 after buying an additional 700 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Radware during the second quarter valued at $27,000. Finally, Pacer Advisors Inc. raised its position in Radware by 27.9% during the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 1,179 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

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.