California Public Employees Retirement System cut its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,637 shares of the information technology services provider’s stock after selling 16,763 shares during the period. California Public Employees Retirement System’s holdings in Radware were worth $4,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Granahan Investment Management Inc. MA increased its stake in shares of Radware by 9.5% during the second quarter. Granahan Investment Management Inc. MA now owns 203,366 shares of the information technology services provider’s stock valued at $5,141,000 after buying an additional 17,615 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Radware during the second quarter valued at approximately $230,000. Bank of America Corp DE increased its stake in shares of Radware by 2.4% during the second quarter. Bank of America Corp DE now owns 240,959 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 5,569 shares during the period. Senvest Management LLC increased its stake in shares of Radware by 1.3% during the second quarter. Senvest Management LLC now owns 5,966,192 shares of the information technology services provider’s stock valued at $150,825,000 after buying an additional 77,640 shares during the period. Finally, Cadian Capital Management LP increased its stake in shares of Radware by 22.7% during the second quarter. Cadian Capital Management LP now owns 3,628,284 shares of the information technology services provider’s stock valued at $91,723,000 after buying an additional 671,149 shares during the period. 62.31% of the stock is currently owned by hedge funds and other institutional investors.

RDWR has been the topic of several research analyst reports. Zacks Investment Research raised Radware from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Saturday, August 4th. Needham & Company LLC boosted their target price on Radware from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, June 25th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. ValuEngine raised Radware from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 2nd. Finally, Barclays reaffirmed a “buy” rating and issued a $30.00 price target on shares of Radware in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Radware presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Shares of RDWR stock opened at $23.22 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of -193.50, a PEG ratio of 9.61 and a beta of 1.03. Radware Ltd. has a twelve month low of $16.74 and a twelve month high of $28.50.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $57.30 million for the quarter, compared to analysts’ expectations of $56.60 million. Radware had a return on equity of 0.20% and a net margin of 0.59%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. As a group, analysts predict that Radware Ltd. will post 0.14 EPS for the current year.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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