Swiss National Bank Has $1.63 Million Position in Radware Ltd. (NASDAQ:RDWR)

Swiss National Bank decreased its holdings in Radware Ltd. (NASDAQ:RDWR) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,300 shares of the information technology services provider’s stock after selling 12,600 shares during the quarter. Swiss National Bank owned approximately 0.14% of Radware worth $1,626,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. US Bancorp DE boosted its position in Radware by 13.1% during the second quarter. US Bancorp DE now owns 23,407 shares of the information technology services provider’s stock valued at $591,000 after acquiring an additional 2,715 shares during the last quarter. BlackRock Inc. boosted its position in Radware by 24.0% during the first quarter. BlackRock Inc. now owns 505,806 shares of the information technology services provider’s stock valued at $10,799,000 after acquiring an additional 97,844 shares during the last quarter. Cavalier Investments LLC bought a new stake in Radware during the first quarter valued at $357,000. Millennium Management LLC boosted its position in Radware by 6.0% during the first quarter. Millennium Management LLC now owns 375,509 shares of the information technology services provider’s stock valued at $8,017,000 after acquiring an additional 21,202 shares during the last quarter. Finally, ETF Managers Group LLC boosted its position in Radware by 1.1% during the first quarter. ETF Managers Group LLC now owns 478,497 shares of the information technology services provider’s stock valued at $10,106,000 after acquiring an additional 5,316 shares during the last quarter. 62.31% of the stock is currently owned by institutional investors.

Shares of RDWR stock opened at $23.14 on Tuesday. Radware Ltd. has a 12-month low of $16.74 and a 12-month high of $28.50. The company has a market cap of $1.18 billion, a PE ratio of -196.25, a P/E/G ratio of 9.61 and a beta of 1.03.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Radware had a net margin of 0.59% and a return on equity of 0.20%. The company had revenue of $57.30 million during the quarter, compared to analyst estimates of $56.60 million. During the same quarter last year, the business posted $0.03 EPS. Radware’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, research analysts expect that Radware Ltd. will post 0.14 earnings per share for the current year.

RDWR has been the topic of a number of research analyst reports. BidaskClub raised shares of Radware from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Needham & Company LLC upped their target price on shares of Radware from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, June 25th. ValuEngine upgraded shares of Radware from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 2nd. Barclays restated a “buy” rating and set a $30.00 price target on shares of Radware in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Saturday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $29.00.

Radware Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as 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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