Renaissance Technologies LLC decreased its holdings in Radware Ltd. (NASDAQ:RDWR) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,404,100 shares of the information technology services provider’s stock after selling 24,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Radware were worth $34,723,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RDWR. Monarch Partners Asset Management LLC purchased a new position in Radware in the 1st quarter worth about $6,511,000. Artisan Partners Limited Partnership purchased a new stake in Radware in the 1st quarter worth approximately $6,454,000. Ibex Investors LLC increased its holdings in Radware by 42.4% in the 2nd quarter. Ibex Investors LLC now owns 670,000 shares of the information technology services provider’s stock worth $16,569,000 after acquiring an additional 199,600 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Radware by 33.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 365,110 shares of the information technology services provider’s stock worth $9,029,000 after acquiring an additional 90,624 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in Radware by 16.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 582,557 shares of the information technology services provider’s stock worth $14,407,000 after acquiring an additional 83,551 shares in the last quarter. 73.02% of the stock is owned by institutional investors and hedge funds.

RDWR stock traded down $0.01 during midday trading on Friday, hitting $24.68. The company’s stock had a trading volume of 1,531 shares, compared to its average volume of 87,496. Radware Ltd. has a 12 month low of $21.43 and a 12 month high of $27.00. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 85.10, a price-to-earnings-growth ratio of 2.72 and a beta of 0.91. The company has a 50 day moving average of $25.25 and a two-hundred day moving average of $25.08.

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

Several research firms recently issued reports on RDWR. BidaskClub lowered shares of Radware from a “sell” rating to a “strong sell” rating in a report on Saturday, September 7th. 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 report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.67.

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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