Todays Report: The First Trust Advisors LP sells partial stakes of Radware Ltd. (RDWR)

The First Trust Advisors LP sells partial stakes of Radware Ltd. (RDWR)

First Trust Advisors LP lowered its stake in Radware Ltd. (NASDAQ:RDWR) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,991 shares of the company’s stock after selling 8,965 shares during the period. First Trust Advisors LP owned 0.10% of Radware worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RDWR. Swiss National Bank increased its position in Radware by 78.8% in the second quarter. Swiss National Bank now owns 65,100 shares of the company’s stock valued at $733,000 after buying an additional 28,700 shares during the last quarter. Bank of New York Mellon Corp increased its position in Radware by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 39,233 shares of the company’s stock valued at $442,000 after buying an additional 4,907 shares during the last quarter. Renaissance Technologies LLC increased its position in Radware by 338.5% in the first quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock valued at $1,442,000 after buying an additional 94,100 shares during the last quarter. Geode Capital Management LLC increased its position in Radware by 104.5% in the first quarter. Geode Capital Management LLC now owns 32,276 shares of the company’s stock valued at $381,000 after buying an additional 16,490 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Radware by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,723,472 shares of the company’s stock valued at $20,389,000 after buying an additional 18,406 shares during the last quarter. 63.27% of the stock is owned by institutional investors.

Radware Ltd. (NASDAQ:RDWR) traded down 0.71% during midday trading on Wednesday, reaching $12.52. The company’s stock had a trading volume of 70,351 shares. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $12.17. The firm has a market capitalization of $550.18 million, a price-to-earnings ratio of 658.95 and a beta of 1.23. Radware Ltd. has a 12 month low of $9.98 and a 12 month high of $16.66.

Radware (NASDAQ:RDWR) last released its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm earned $49.60 million during the quarter, compared to the consensus estimate of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Analysts predict that Radware Ltd. will post $0.33 EPS for the current year.

Several research firms have weighed in on RDWR. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, September 28th. DA Davidson set a $15.00 price target on Radware and gave the stock a “buy” rating in a research report on Monday. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Radware in a research report on Monday. Finally, Imperial Capital reissued an “outperform” rating and set a $15.00 price target on shares of Radware in a research report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Radware has an average rating of “Buy” and a consensus target price of $15.43.

Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

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