Public Employees Retirement System of Ohio Takes $1.12 Million Position in Radware Ltd. (NASDAQ:RDWR)

Public Employees Retirement System of Ohio bought a new stake in Radware Ltd. (NASDAQ:RDWR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,157 shares of the information technology services provider's stock, valued at approximately $1,117,000. Public Employees Retirement System of Ohio owned 0.12% of Radware as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RDWR. State Street Corp boosted its stake in Radware by 4.2% during the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock worth $13,071,000 after purchasing an additional 23,725 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Radware by 78.8% during 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 buying an additional 5,200 shares during the period. PDT Partners LLC grew its holdings in shares of Radware by 54.3% during the third quarter. PDT Partners LLC now owns 49,495 shares of the information technology services provider's stock worth $1,103,000 after buying an additional 17,409 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Radware by 3.0% during the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider's stock worth $358,000 after buying an additional 468 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Radware in the 3rd quarter valued at about $366,000. Hedge funds and other institutional investors own 73.12% of the company's stock.

Wall Street Analyst Weigh In

RDWR has been the subject of a number of recent research reports. Needham & Company LLC raised Radware to a "hold" rating in a research report on Friday, November 1st. Barclays increased their price target on Radware from $23.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st.

Radware Stock Up 2.1 %

NASDAQ RDWR traded up $0.47 during trading hours on Friday, hitting $22.58. 433,134 shares of the stock were exchanged, compared to its average volume of 278,655. The company has a market cap of $948.25 million, a price-to-earnings ratio of -376.27 and a beta of 0.97. Radware Ltd. has a 12-month low of $15.71 and a 12-month high of $24.76. The stock has a 50-day moving average of $23.01 and a 200 day moving average of $21.18.

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.