Radware (NASDAQ:RDWR) Rating Lowered to “Hold” at Wall Street Zen

Radware (NASDAQ:RDWR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Radware Stock Performance

Shares of RDWR stock opened at $29.13 on Friday. Radware has a 52-week low of $21.68 and a 52-week high of $32.79. The firm has a market capitalization of $1.23 billion, a PE ratio of 76.66 and a beta of 0.85. The stock has a fifty day simple moving average of $28.60 and a two-hundred day simple moving average of $27.84.

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

Insider Buying and Selling

In other Radware news, COO Gabriel Malka sold 6,500 shares of the 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 completion of the sale, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at $1,437,660. This trade represents a 11.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Guy Avidan acquired 2,000 shares of Radware stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the transaction, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 21.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently modified their holdings of RDWR. Public Employees Retirement System of Ohio bought a new position in shares of Radware during the 2nd quarter valued at about $2,057,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after purchasing an additional 25,499 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Radware by 3.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock worth $16,069,000 after purchasing an additional 21,928 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Radware by 17.3% in the first quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock worth $2,580,000 after purchasing an additional 14,464 shares during the last quarter. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Radware in the first quarter worth about $79,000. Institutional investors own 73.12% of the company’s stock.

About Radware

Radware Ltd. is a global provider of application delivery and cybersecurity solutions. The company helps enterprises, telecommunications carriers, cloud service providers and other organizations protect digital assets, maintain application availability and improve the performance of business-critical applications across on-premises, hybrid and cloud environments.

Radware’s portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, network and application performance monitoring, and application delivery controllers.