Radware Sees Unusually Large Options Volume (NASDAQ:RDWR)

Radware Ltd. (NASDAQ:RDWR) was the target of some unusual options trading on Thursday. Stock investors acquired 1,212 put options on the company. This is an increase of 2,231% compared to the average volume of 52 put options.

RDWR has been the topic of a number of recent analyst reports. Needham & Company LLC downgraded Radware from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Saturday, November 9th. ValuEngine lowered Radware from a “buy” rating to a “hold” rating in a report on Saturday, January 18th. Finally, TheStreet raised Radware from a “c+” rating to a “b-” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership grew its holdings in shares of Radware by 53.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,015,340 shares of the information technology services provider’s stock worth $26,175,000 after purchasing an additional 355,078 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Radware by 13.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,794,054 shares of the information technology services provider’s stock worth $46,251,000 after purchasing an additional 213,954 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Radware by 24.7% during the 2nd quarter. BlackRock Inc. now owns 695,912 shares of the information technology services provider’s stock worth $17,209,000 after purchasing an additional 137,800 shares in the last quarter. Vestcor Investment Management Corp acquired a new stake in shares of Radware during the 4th quarter worth approximately $2,411,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Radware by 15.1% during the 4th quarter. Rice Hall James & Associates LLC now owns 632,563 shares of the information technology services provider’s stock worth $16,307,000 after purchasing an additional 82,988 shares in the last quarter. 71.25% of the stock is currently owned by hedge funds and other institutional investors.

RDWR traded up $0.71 during midday trading on Friday, reaching $22.97. The company’s stock had a trading volume of 293,530 shares, compared to its average volume of 160,888. The stock has a market cap of $1.04 billion, a P/E ratio of 47.86, a PEG ratio of 2.16 and a beta of 0.87. The company has a fifty day simple moving average of $25.78 and a 200 day simple moving average of $24.63. Radware has a twelve month low of $22.00 and a twelve month high of $26.98.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 12th. The information technology services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The business had revenue of $67.36 million during the quarter, compared to analyst estimates of $67.40 million. Radware had a net margin of 9.33% and a return on equity of 7.41%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. As a group, sell-side analysts expect that Radware will post 0.59 earnings per share for the current year.

About Radware

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