IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 37,398 Shares of Radware Ltd. (NASDAQ:RDWR)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 41.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 53,048 shares of the information technology services provider’s stock after selling 37,398 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Radware were worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Barclays PLC increased its holdings in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after purchasing an additional 9,112 shares during the period. State Street Corp increased its stake in shares of Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after buying an additional 23,725 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares during the period. Ellsworth Advisors LLC bought a new position in shares of Radware during the fourth quarter worth about $632,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Radware by 127.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after acquiring an additional 70,703 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Radware in a report on Friday, February 14th.

Radware Trading Down 1.3 %

Shares of RDWR opened at $22.53 on Friday. The firm’s fifty day simple moving average is $22.53 and its two-hundred day simple moving average is $22.50. Radware Ltd. has a 12 month low of $16.12 and a 12 month high of $25.00. The stock has a market capitalization of $946.15 million, a P/E ratio of 160.94 and a beta of 0.95.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. As a group, research analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal year.

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.