Brokerages Set Radware Ltd. (NASDAQ:RDWR) PT at $30.00

Radware Ltd. (NASDAQ:RDWR) has been given an average rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.00.

A number of equities analysts have recently commented on RDWR shares. Wall Street Zen downgraded Radware from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $25.00 price target on shares of Radware in a research report on Tuesday, December 16th.

Radware Stock Up 1.7%

Shares of NASDAQ RDWR opened at $25.45 on Thursday. The stock has a market capitalization of $1.09 billion, a PE ratio of 66.98 and a beta of 0.95. The firm has a fifty day moving average of $24.19 and a 200-day moving average of $24.85. Radware has a 52-week low of $18.46 and a 52-week high of $31.57.

Institutional Trading of Radware

Large investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew its position in Radware by 26.0% in the second quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after acquiring an additional 556,551 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Radware during the 2nd quarter valued at $84,960,000. KLP Kapitalforvaltning AS increased its stake in Radware by 172.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock worth $530,000 after buying an additional 11,400 shares during the period. New York State Common Retirement Fund lifted its holdings in Radware by 27.2% in the 3rd quarter. New York State Common Retirement Fund now owns 274,362 shares of the information technology services provider’s stock worth $7,268,000 after buying an additional 58,730 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Radware by 3.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock worth $50,454,000 after buying an additional 64,298 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.