JPMorgan Chase & Co. grew its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 14.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 328,979 shares of the information technology services provider's stock after buying an additional 42,617 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.78% of Radware worth $7,330,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in RDWR. Verition Fund Management LLC raised its holdings in Radware by 3.0% in the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock valued at $358,000 after buying an additional 468 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Radware by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider's stock valued at $591,000 after purchasing an additional 1,173 shares during the period. nVerses Capital LLC bought a new stake in shares of Radware during the 3rd quarter valued at about $51,000. Algert Global LLC grew its stake in Radware by 15.9% during the third quarter. Algert Global LLC now owns 19,043 shares of the information technology services provider's stock worth $424,000 after purchasing an additional 2,610 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings 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 owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Barclays raised their target price on Radware from $23.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Needham & Company LLC upgraded shares of Radware to a "hold" rating in a report on Friday, November 1st.
Check Out Our Latest Analysis on Radware
Radware Stock Up 2.3 %
NASDAQ:RDWR traded up $0.48 during trading hours on Wednesday, hitting $21.61. 120,354 shares of the company traded hands, compared to its average volume of 120,962. Radware Ltd. has a one year low of $16.12 and a one year high of $24.76. The company has a market cap of $907.51 million, a PE ratio of -360.11 and a beta of 0.97. The firm's 50-day simple moving average is $22.83 and its 200-day simple moving average is $21.74.
About Radware
(
Free Report)
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.
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