Radware (NASDAQ:RDWR) Rating Lowered to Hold at Wall Street Zen

Radware (NASDAQ:RDWR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts also recently weighed in on RDWR. Jefferies Financial Group set a $25.00 target price on shares of Radware in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Radware presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radware Stock Performance

Radware stock opened at $24.15 on Friday. Radware has a fifty-two week low of $18.46 and a fifty-two week high of $31.57. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 63.55 and a beta of 0.94. The stock’s fifty day moving average is $23.96 and its two-hundred day moving average is $25.07.

Institutional Trading of Radware

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 1,176 shares during the period. Pacer Advisors Inc. grew its position in shares of Radware by 200.9% in the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 1,563 shares during the period. Inceptionr LLC purchased a new position in Radware during the third quarter worth about $212,000. Kestra Private Wealth Services LLC acquired a new stake in Radware in the 3rd quarter worth about $237,000. Finally, Aquatic Capital Management LLC purchased a new stake in Radware in the 3rd quarter valued at about $290,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

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.