Needham & Company LLC restated their hold rating on shares of Radware (NASDAQ:RDWR - Free Report) in a research note published on Friday morning,Benzinga reports.
Separately, Barclays upped their price objective on shares of Radware from $23.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st.
Get Our Latest Analysis on RDWR
Radware Stock Performance
NASDAQ:RDWR traded up $0.08 during mid-day trading on Friday, reaching $21.83. The stock had a trading volume of 225,727 shares, compared to its average volume of 128,530. The stock has a market capitalization of $916.64 million, a P/E ratio of -363.77 and a beta of 0.97. The firm has a 50 day moving average price of $22.81 and a two-hundred day moving average price of $21.77. Radware has a one year low of $16.12 and a one year high of $24.76.
Institutional Investors Weigh In On Radware
Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC increased its stake in Radware by 2,346.9% in the 2nd quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider's stock worth $6,944,000 after purchasing an additional 365,131 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Radware by 159.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider's stock worth $13,091,000 after buying an additional 360,710 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Radware during the 2nd quarter valued at $4,453,000. GSA Capital Partners LLP boosted its position in Radware by 247.3% during 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 buying an additional 81,718 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in Radware by 6.4% in 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 acquiring an additional 56,116 shares during the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.
Radware Company Profile
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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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