Radware Ltd. (NASDAQ:RDWR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 38.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,578 shares of the information technology services provider’s stock after selling 4,740 shares during the period. Russell Investments Group Ltd.’s holdings in Radware were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Citigroup Inc. increased its holdings in shares of Radware by 16.8% in the third quarter. Citigroup Inc. now owns 101,821 shares of the information technology services provider’s stock valued at $1,723,000 after purchasing an additional 14,623 shares during the period. 73.12% of the stock is owned by institutional investors.

Radware Price Performance

NASDAQ:RDWR opened at $20.14 on Friday. The company has a 50 day moving average price of $18.29 and a 200-day moving average price of $17.46. Radware Ltd. has a 1-year low of $13.53 and a 1-year high of $20.94. The firm has a market cap of $892.34 million, a price-to-earnings ratio of -43.78 and a beta of 0.97.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Radware had a negative net margin of 7.67% and a negative return on equity of 2.62%. The business had revenue of $65.10 million during the quarter, compared to the consensus estimate of $63.57 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Radware Ltd. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RDWR. StockNews.com upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Friday, May 17th. Finally, Barclays upped their price target on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, February 8th.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.