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

Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.00.

A number of research firms have recently issued reports on RDWR. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th.

Radware Stock Performance

RDWR opened at $30.34 on Monday. The stock has a 50-day moving average price of $26.94 and a 200-day moving average price of $25.14. Radware has a 12-month low of $21.68 and a 12-month high of $31.57. The stock has a market capitalization of $1.28 billion, a P/E ratio of 70.56 and a beta of 0.85.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.The firm had revenue of $79.81 million during the quarter.

Radware announced that its Board of Directors has initiated a share buyback plan on Friday, February 13th that allows the company to repurchase $80.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value 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 represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gabriel Malka sold 3,111 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, the chief operating officer directly owned 61,422 shares of the company’s stock, valued at $1,781,238. This trade represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Radware

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in 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 period. California State Teachers Retirement System boosted its holdings in Radware by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock valued at $958,000 after acquiring an additional 402 shares during the period. Simplex Trading LLC boosted its holdings in 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 period. Squarepoint Ops LLC boosted its holdings in Radware by 4.5% during the 3rd quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock valued at $326,000 after acquiring an additional 527 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in 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 period. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

About Radware

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.