Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.97 and traded as high as $22.12. Radware shares last traded at $22.11, with a volume of 150,823 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Barclays boosted 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. Needham & Company LLC reissued a "hold" rating on shares of Radware in a research note on Friday, January 17th.
Read Our Latest Stock Analysis on Radware
Radware Trading Down 2.2 %
The company's 50 day simple moving average is $22.63 and its 200 day simple moving average is $22.03. The stock has a market capitalization of $934.28 million, a PE ratio of -370.77 and a beta of 0.97.
Institutional Investors Weigh In On Radware
A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. nVerses Capital LLC purchased a new position in Radware during the third quarter worth about $51,000. R Squared Ltd purchased a new position in shares of Radware during the 4th quarter worth about $62,000. Point72 Asset Management L.P. acquired a new stake in shares of Radware in the second quarter worth approximately $120,000. Algert Global LLC acquired a new stake in shares of Radware in the second quarter worth approximately $300,000. Finally, Barclays PLC grew its holdings in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider's stock valued at $350,000 after purchasing an additional 9,112 shares during the period. 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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