Radware (NASDAQ:RDWR) Earns Hold Rating from Needham & Company LLC

Radware (NASDAQ:RDWR)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

Separately, Barclays boosted their price target on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Trading Up 0.6 %

RDWR opened at $21.75 on Friday. The stock’s 50 day simple moving average is $22.81 and its 200-day simple moving average is $21.74. The stock has a market cap of $913.28 million, a PE ratio of -362.44 and a beta of 0.97. Radware has a 1 year low of $16.12 and a 1 year high of $24.76.

Institutional Trading of Radware

A number of large investors have recently bought and sold shares of the stock. Verition Fund Management LLC increased its position in shares of Radware by 3.0% during the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock worth $358,000 after purchasing an additional 468 shares in the last quarter. Tidal Investments LLC grew its position in Radware by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock worth $591,000 after acquiring an additional 1,173 shares during the last quarter. nVerses Capital LLC acquired a new stake in Radware during the 3rd quarter valued at $51,000. Algert Global LLC raised its position in Radware by 15.9% in the 3rd quarter. Algert Global LLC now owns 19,043 shares of the information technology services provider’s stock valued at $424,000 after purchasing an additional 2,610 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Radware by 78.8% in the third quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock worth $263,000 after purchasing an additional 5,200 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors.

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.