Wall Street Zen Downgrades Radware (NASDAQ:RDWR) to Hold

Radware (NASDAQ:RDWR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday, 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 company presently has a consensus rating of “Hold” and an average target price of $25.00.

Radware Stock Down 0.1%

NASDAQ RDWR opened at $30.64 on Monday. The company has a 50-day simple moving average of $28.62 and a two-hundred day simple moving average of $28.27. Radware has a 12-month low of $21.68 and a 12-month high of $32.79. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 80.63 and a beta of 0.86.

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

Insider Transactions at Radware

In other news, COO Gabriel Malka sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the completion of the transaction, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at approximately $1,437,660. This represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Guy Avidan acquired 2,000 shares of the stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $25.21 per share, with a total value of $50,420.00. Following the completion of the purchase, the chief financial officer owned 95,800 shares of the company’s stock, valued at approximately $2,415,118. The trade was a 2.13% increase in their position. The disclosure for this purchase is available in the SEC filing. 21.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About Radware

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.