Needham & Company LLC upgraded shares of Radware (NASDAQ:RDWR - Free Report) to a hold rating in a report issued on Friday morning, Zacks.com reports.
Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of Radware from $23.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Radware from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 21st.
Get Our Latest Analysis on Radware
Radware Stock Performance
Shares of Radware stock traded up $0.72 on Friday, hitting $22.35. 255,160 shares of the company's stock were exchanged, compared to its average volume of 287,904. The stock has a market capitalization of $938.59 million, a PE ratio of -370.00 and a beta of 0.97. The company has a 50-day simple moving average of $22.00 and a 200-day simple moving average of $20.19. Radware has a 1 year low of $14.67 and a 1 year high of $24.34.
Hedge Funds Weigh In On Radware
Hedge funds have recently modified their holdings of the stock. nVerses Capital LLC bought a new stake in Radware in the 3rd quarter valued at $51,000. BNP Paribas Financial Markets increased its holdings in shares of Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider's stock worth $120,000 after purchasing 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 worth about $120,000. Van ECK Associates Corp boosted its stake in Radware by 16.4% during 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 buying an additional 1,291 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Radware in the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 73.12% of the company's stock.
About Radware
(
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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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