Hillsdale Investment Management Inc. acquired a new position in Radware Ltd. (NASDAQ:RDWR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,100 shares of the information technology services provider’s stock, valued at approximately $101,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RDWR. Swiss National Bank boosted its stake in shares of Radware by 8.0% during the second quarter. Swiss National Bank now owns 75,800 shares of the information technology services provider’s stock valued at $1,875,000 after purchasing an additional 5,600 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in Radware by 16.7% during the second quarter. Rice Hall James & Associates LLC now owns 582,557 shares of the information technology services provider’s stock valued at $14,407,000 after acquiring an additional 83,551 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Radware during the second quarter valued at approximately $623,000. Boston Advisors LLC purchased a new stake in Radware during the second quarter valued at approximately $353,000. Finally, Dupont Capital Management Corp lifted its position in Radware by 50.0% during the second quarter. Dupont Capital Management Corp now owns 6,000 shares of the information technology services provider’s stock valued at $148,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.

A number of equities research analysts recently commented on RDWR shares. ValuEngine cut shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Radware from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Wednesday, August 7th. TheStreet cut shares of Radware from a “b” rating to a “c+” rating in a research report on Thursday, May 2nd. Finally, BidaskClub cut shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.67.

Shares of NASDAQ RDWR traded up $0.14 during midday trading on Wednesday, reaching $25.60. The company had a trading volume of 501 shares, compared to its average volume of 182,392. The business’s 50-day simple moving average is $25.21 and its 200 day simple moving average is $25.05. The stock has a market cap of $1.13 billion, a P/E ratio of 88.34, a P/E/G ratio of 2.84 and a beta of 0.90. Radware Ltd. has a 1 year low of $21.43 and a 1 year high of $28.50.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.04 million. Radware had a return on equity of 6.35% and a net margin of 7.84%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Equities analysts expect that Radware Ltd. will post 0.5 EPS for the current year.

Radware Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers 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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