Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.47 and traded as high as $22.75. Radware shares last traded at $22.31, with a volume of 119,365 shares.
Analysts Set New Price Targets
RDWR has been the subject of several analyst reports. Barclays raised their price target on shares of Radware from $23.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Needham & Company LLC raised Radware to a "hold" rating in a research note on Friday, November 1st.
View Our Latest Stock Analysis on Radware
Radware Stock Up 0.2 %
The firm has a market capitalization of $939.01 million, a P/E ratio of -372.60 and a beta of 0.97. The firm's 50-day simple moving average is $22.93 and its 200-day simple moving average is $21.51.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in shares of Radware by 247.3% in the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider's stock worth $2,557,000 after purchasing an additional 81,718 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in 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 in the last quarter. Acadian Asset Management LLC grew its position in Radware by 7.1% during the second quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider's stock valued at $31,577,000 after acquiring an additional 115,089 shares during the last quarter. State Street Corp raised its stake in shares of Radware by 4.2% during the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock worth $13,071,000 after acquiring an additional 23,725 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Radware in the 2nd quarter worth approximately $561,000. Institutional investors own 73.12% of the company's stock.
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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