Rice Hall James & Associates LLC Sells 49,517 Shares of Radware Ltd. (NASDAQ:RDWR)

Rice Hall James & Associates LLC reduced its position in shares of Radware Ltd. (NASDAQ:RDWR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 882,134 shares of the information technology services provider’s stock after selling 49,517 shares during the quarter. Radware accounts for approximately 1.1% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 26th biggest holding. Rice Hall James & Associates LLC owned approximately 2.10% of Radware worth $19,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDWR. nVerses Capital LLC bought a new stake in Radware during the third quarter worth $51,000. Robeco Institutional Asset Management B.V. raised its position in shares of Radware by 162.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock valued at $1,237,000 after purchasing an additional 34,332 shares during the period. GSA Capital Partners LLP raised its position in shares of Radware by 247.3% in the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after purchasing an additional 81,718 shares during the period. Banque Cantonale Vaudoise raised its position in shares of Radware by 9.6% in the third quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock valued at $2,111,000 after purchasing an additional 8,288 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Radware by 159.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock valued at $13,091,000 after purchasing an additional 360,710 shares during the period. 73.12% of the stock is owned by institutional investors.

Radware Stock Down 0.3 %

NASDAQ:RDWR opened at $24.05 on Tuesday. Radware Ltd. has a 52 week low of $16.12 and a 52 week high of $25.00. The firm’s 50-day simple moving average is $22.53 and its 200 day simple moving average is $22.39.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a negative net margin of 0.85% and a positive return on equity of 1.41%. Research analysts expect that Radware Ltd. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RDWR. Barclays increased their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research report on Friday.

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.