Jefferies Financial Group Lowers Radware (NASDAQ:RDWR) Price Target to $24.00

Radware (NASDAQ:RDWR) had its price objective cut by Jefferies Financial Group from $26.00 to $24.00 in a research report released on Monday,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Friday, February 14th.

Radware Stock Up 2.3 %

Shares of NASDAQ:RDWR opened at $22.18 on Monday. The firm has a market capitalization of $931.45 million, a PE ratio of 158.44 and a beta of 0.97. The company has a 50-day moving average price of $22.52 and a two-hundred day moving average price of $22.56. Radware has a twelve month low of $16.12 and a twelve month high of $25.00.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. Analysts anticipate that Radware will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently bought and sold shares of RDWR. Verition Fund Management LLC boosted its holdings in Radware by 3.0% in the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock valued at $358,000 after purchasing an additional 468 shares during the period. Invesco Ltd. boosted its stake in Radware by 2.4% during the fourth quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider’s stock valued at $813,000 after buying an additional 855 shares during the period. Geode Capital Management LLC boosted its stake in Radware by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider’s stock valued at $1,795,000 after buying an additional 902 shares during the period. Bank of Montreal Can grew its position in Radware by 10.1% during the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider’s stock worth $248,000 after buying an additional 1,007 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Radware by 5.6% in the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 1,040 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

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.