Ibex Investors LLC Invests $12.29 Million in Radware Ltd. (RDWR) Stock

Ibex Investors LLC purchased a new stake in Radware Ltd. (NASDAQ:RDWR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 470,400 shares of the information technology services provider’s stock, valued at approximately $12,292,000. Radware makes up about 1.1% of Ibex Investors LLC’s holdings, making the stock its 8th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley boosted its stake in Radware by 6.8% in the 3rd quarter. Morgan Stanley now owns 1,016,592 shares of the information technology services provider’s stock valued at $26,910,000 after buying an additional 64,341 shares in the last quarter. Delek Group Ltd. boosted its stake in Radware by 33.0% in the 4th quarter. Delek Group Ltd. now owns 688,573 shares of the information technology services provider’s stock valued at $16,057,000 after buying an additional 170,939 shares in the last quarter. BlackRock Inc. boosted its stake in Radware by 64.6% in the 4th quarter. BlackRock Inc. now owns 604,039 shares of the information technology services provider’s stock valued at $13,717,000 after buying an additional 236,975 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Radware in the 1st quarter valued at $13,039,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Radware by 10.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 298,786 shares of the information technology services provider’s stock valued at $6,785,000 after buying an additional 29,104 shares in the last quarter. 71.17% of the stock is currently owned by institutional investors and hedge funds.

RDWR has been the topic of several recent analyst reports. TheStreet raised Radware from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Zacks Investment Research lowered Radware from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. BidaskClub downgraded Radware from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, ValuEngine downgraded Radware from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $30.00.

RDWR traded down $0.03 during trading on Wednesday, hitting $24.19. The company’s stock had a trading volume of 103 shares, compared to its average volume of 190,295. Radware Ltd. has a 12 month low of $21.43 and a 12 month high of $28.50. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 83.66, a PEG ratio of 3.44 and a beta of 0.84.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.13. The firm had revenue of $61.40 million during the quarter, compared to the consensus estimate of $59.43 million. Radware had a return on equity of 5.54% and a net margin of 7.09%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, sell-side analysts forecast that Radware Ltd. will post 0.39 EPS for the current fiscal year.

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Radware Company 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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