244,149 Shares in Radware Ltd. (NASDAQ:RDWR) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of Radware Ltd. (NASDAQ:RDWR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 244,149 shares of the information technology services provider’s stock, valued at approximately $4,453,000. Cubist Systematic Strategies LLC owned about 0.58% of Radware at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Radware by 239.5% during the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock worth $120,000 after purchasing an additional 4,539 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Radware by 16.4% in the 2nd quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock worth $167,000 after acquiring an additional 1,291 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Radware in the 2nd quarter valued at approximately $169,000. MQS Management LLC acquired a new stake in shares of Radware during the 2nd quarter valued at approximately $234,000. Finally, Magnetar Financial LLC bought a new position in Radware during the second quarter worth $282,000. 73.12% of the stock is owned by institutional investors and hedge funds.

Radware Price Performance

Shares of NASDAQ RDWR opened at $21.79 on Friday. The firm has a market capitalization of $965.45 million, a PE ratio of -47.37 and a beta of 0.97. Radware Ltd. has a 1-year low of $13.53 and a 1-year high of $23.05. The business’s fifty day moving average price is $21.17 and its two-hundred day moving average price is $19.41.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. Equities research analysts expect that Radware Ltd. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Barclays boosted their price objective on shares of Radware from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Wednesday, July 31st.

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.