Connor Clark & Lunn Investment Management Ltd. Has $13.09 Million Position in Radware Ltd. (NASDAQ:RDWR)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Radware Ltd. (NASDAQ:RDWR - Free Report) by 159.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 587,570 shares of the information technology services provider's stock after buying an additional 360,710 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.40% of Radware worth $13,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Banque Cantonale Vaudoise increased its stake in Radware by 9.6% in the third quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider's stock valued at $2,111,000 after acquiring an additional 8,288 shares during the period. GSA Capital Partners LLP grew its stake in shares of Radware by 247.3% in the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider's stock valued at $2,557,000 after purchasing an additional 81,718 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Radware by 162.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider's stock worth $1,237,000 after buying an additional 34,332 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Radware by 6.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider's stock worth $20,757,000 after buying an additional 56,116 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Radware in the 3rd quarter valued at $51,000. Institutional investors own 73.12% of the company's stock.

Radware Price Performance

Shares of Radware stock traded up $0.04 on Friday, hitting $23.22. 59,202 shares of the company's stock traded hands, compared to its average volume of 288,482. The firm's 50-day moving average price is $22.42 and its two-hundred day moving average price is $20.67. The stock has a market capitalization of $975.12 million, a PE ratio of -386.50 and a beta of 0.97. Radware Ltd. has a one year low of $14.94 and a one year high of $24.34.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Needham & Company LLC upgraded Radware to a "hold" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Radware from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 21st. Finally, Barclays boosted their price target on shares of Radware from $23.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st.

Radware 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.