Radware (NASDAQ:RDWR) Stock Rating Upgraded by Wall Street Zen

Radware (NASDAQ:RDWR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Radware from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, September 25th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Radware Price Performance

NASDAQ RDWR opened at $28.72 on Tuesday. The company has a market cap of $1.21 billion, a PE ratio of 75.58 and a beta of 0.86. The stock’s 50 day simple moving average is $29.00 and its 200-day simple moving average is $28.42. Radware has a 1-year low of $21.68 and a 1-year high of $32.79.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (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 Radware news, CFO Guy Avidan acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $25.21 per share, with a total value of $50,420.00. Following the purchase, the chief financial officer owned 95,800 shares in the company, valued at approximately $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gabriel Malka sold 6,500 shares of the 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 sale, the chief operating officer owned 47,922 shares of the company’s stock, valued at approximately $1,437,660. The trade was a 11.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC boosted its stake in Radware by 2.4% during the first 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 last quarter. Lazard Asset Management LLC grew its holdings in Radware by 17.3% in the 1st 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 in the last quarter. Swiss National Bank grew its holdings in Radware by 3.0% in the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock valued at $1,832,000 after buying an additional 2,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Radware in the 2nd quarter worth $2,057,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Radware by 87.5% in the 2nd 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 last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Company Profile

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.