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

Shares of Radware Ltd. (NASDAQ:RDWR) have been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

Several brokerages recently weighed in on RDWR. Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Thursday, May 7th. Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th.

Radware Stock Performance

Shares of RDWR opened at $30.86 on Friday. The business has a 50-day moving average of $28.15 and a 200 day moving average of $26.05. Radware has a fifty-two week low of $21.68 and a fifty-two week high of $31.92. The firm has a market cap of $1.30 billion, a P/E ratio of 71.77 and a beta of 0.85.

Radware (NASDAQ:RDWR) last announced 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 during the quarter.

Insider Transactions at Radware

In other Radware news, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction dated 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 transaction, the chief operating officer owned 61,422 shares of the company’s stock, valued at $1,781,238. The trade was a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value of $40,562.50. Following the transaction, the insider directly owned 60,741 shares of the company’s stock, valued at $1,791,859.50. The trade was a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.58% of the stock is owned by insiders.

Institutional Trading of Radware

Large investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 374 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Radware by 3,178.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 1,176 shares during the last quarter. Simplex Trading LLC boosted its position in shares of Radware by 51.4% during the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Radware by 47.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock valued at $41,000 after acquiring an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Radware during the 4th quarter valued at about $49,000. 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.