ARK Investment Management LLC Decreases Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

ARK Investment Management LLC decreased its holdings in Radware Ltd. (NASDAQ:RDWR) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,212 shares of the information technology services provider’s stock after selling 2,195 shares during the quarter. ARK Investment Management LLC’s holdings in Radware were worth $1,905,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Advisor Group Holdings Inc. raised its position in Radware by 53.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after buying an additional 419 shares during the last quarter. FMR LLC raised its position in Radware by 63.4% in the 1st quarter. FMR LLC now owns 3,168 shares of the information technology services provider’s stock worth $68,000 after buying an additional 1,229 shares during the last quarter. Deutsche Bank AG purchased a new position in Radware in the 1st quarter worth about $127,000. Vident Investment Advisory LLC purchased a new position in Radware in the 1st quarter worth about $288,000. Finally, Envestnet Asset Management Inc. purchased a new position in Radware in the 1st quarter worth about $220,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Analyst Ratings Changes

RDWR has been the subject of a number of recent analyst reports. StockNews.com raised Radware from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Barclays upped their price target on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th.

Radware Trading Down 0.2 %

NASDAQ RDWR opened at $18.79 on Thursday. Radware Ltd. has a one year low of $13.53 and a one year high of $23.35. The stock has a 50 day moving average price of $18.51 and a 200-day moving average price of $16.91.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The business had revenue of $65.03 million for the quarter, compared to analyst estimates of $64.01 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Radware Ltd. will post -0.05 earnings per share for the current fiscal year.

Radware Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, on-premise, and software defined data centers worldwide. It offers DefensePro, a real-time network attack mitigation device that protects the data center and application infrastructure; Radware Kubernetes, a Web Application Firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.