ARK Investment Management LLC Has $1.77 Million Position in Radware Ltd. (NASDAQ:RDWR)

ARK Investment Management LLC reduced its position in Radware Ltd. (NASDAQ:RDWR) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,733 shares of the information technology services provider’s stock after selling 34,762 shares during the quarter. ARK Investment Management LLC owned approximately 0.19% of Radware worth $1,774,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RDWR. R Squared Ltd bought a new stake in Radware during the fourth quarter worth about $62,000. Point72 Asset Management L.P. increased its holdings in Radware by 78.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock valued at $263,000 after purchasing an additional 5,200 shares in the last quarter. Barclays PLC boosted its stake in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 9,112 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Radware by 3.0% during the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock worth $358,000 after purchasing an additional 468 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Radware in the third quarter valued at $366,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Stock Up 1.8 %

Shares of RDWR opened at $23.19 on Thursday. The stock’s fifty day simple moving average is $22.54 and its 200-day simple moving average is $22.46. The firm has a market capitalization of $973.86 million, a PE ratio of 165.65 and a beta of 0.96. Radware Ltd. has a 12-month low of $16.12 and a 12-month high of $25.00.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Ltd. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RDWR shares. Barclays increased their price objective on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Friday, February 14th.

Radware 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.