nVerses Capital LLC Makes New Investment in Radware Ltd. (NASDAQ:RDWR)

nVerses Capital LLC bought a new stake in Radware Ltd. (NASDAQ:RDWR) in the third quarter, Holdings Channel.com reports. The firm bought 2,300 shares of the information technology services provider’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Radware by 239.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after acquiring an additional 4,539 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Radware in the second quarter valued at approximately $120,000. Van ECK Associates Corp increased its holdings in shares of Radware by 16.4% in the second quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 1,291 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Radware during the second quarter worth approximately $169,000. Finally, MQS Management LLC acquired a new position in Radware during the second quarter worth $234,000. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Performance

Radware stock opened at $23.26 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of -50.57 and a beta of 0.97. Radware Ltd. has a fifty-two week low of $13.53 and a fifty-two week high of $24.34. The firm has a 50 day moving average price of $21.96 and a 200 day moving average price of $19.81.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. The company had revenue of $67.28 million during the quarter, compared to analysts’ expectations of $66.10 million. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. As a group, equities research analysts forecast that Radware Ltd. will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RDWR. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Wednesday, July 31st. StockNews.com upgraded shares of Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Barclays raised their price target on shares of Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

Radware Company 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.