Credit Suisse AG boosted its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 18.0% during the third quarter, HoldingsChannel.com reports. The firm owned 483,467 shares of the information technology services provider’s stock after acquiring an additional 73,698 shares during the period. Credit Suisse AG’s holdings in Radware were worth $12,797,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. US Bancorp DE raised its stake 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 worth $591,000 after purchasing an additional 2,715 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Radware by 80.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the information technology services provider’s stock valued at $168,000 after acquiring an additional 2,959 shares during the period. BlueMountain Capital Management LLC raised its stake in shares of Radware by 17.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 36,413 shares of the information technology services provider’s stock valued at $921,000 after acquiring an additional 5,294 shares during the period. Bank of America Corp DE raised its stake in shares of Radware by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 240,959 shares of the information technology services provider’s stock valued at $6,092,000 after acquiring an additional 5,569 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Radware by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 152,318 shares of the information technology services provider’s stock valued at $3,851,000 after acquiring an additional 7,623 shares during the period. 67.26% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on RDWR shares. Zacks Investment Research raised shares of Radware from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Saturday, November 10th. Oppenheimer set a $30.00 target price on shares of Radware and gave the company a “buy” rating in a research note on Wednesday, November 7th. Berenberg Bank started coverage on shares of Radware in a research note on Thursday, November 29th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, BidaskClub downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.00.
Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, November 7th. The information technology services provider reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $58.80 million during the quarter, compared to analyst estimates of $58.14 million. Radware had a net margin of 2.58% and a return on equity of 1.81%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. As a group, sell-side analysts forecast that Radware Ltd. will post 0.22 earnings per share for the current year.
WARNING: “Radware Ltd. (RDWR) Holdings Boosted by Credit Suisse AG” was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/12/07/radware-ltd-rdwr-holdings-boosted-by-credit-suisse-ag.html.
Radware Company 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.
Recommended Story: How can investors find ex-dividend dates?
Want to see what other hedge funds are holding RDWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radware Ltd. (NASDAQ:RDWR).
Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.