Radware Ltd. (NASDAQ:RDWR) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 509,994 shares, a decline of 35.3% from the October 31st total of 788,628 shares. Based on an average daily trading volume, of 262,560 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.4% of the shares of the stock are sold short.

Radware (NASDAQ RDWR) opened at $20.28 on Thursday. Radware has a 52-week low of $13.18 and a 52-week high of $20.50.

Several analysts recently commented on the company. Zacks Investment Research lowered Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Radware in a research report on Thursday, August 10th. Dougherty & Co lifted their price objective on Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Barclays lifted their price objective on Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.83.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Senvest Management LLC raised its position in Radware by 4.6% in the 3rd quarter. Senvest Management LLC now owns 5,990,375 shares of the information technology services provider’s stock valued at $100,998,000 after purchasing an additional 263,014 shares during the last quarter. ETF Managers Group LLC bought a new position in Radware in the 2nd quarter valued at $40,097,000. Ion Asset Management Ltd. raised its position in Radware by 18.7% in the 2nd quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock valued at $30,753,000 after purchasing an additional 276,780 shares during the last quarter. Hood River Capital Management LLC raised its position in Radware by 2.6% in the 2nd quarter. Hood River Capital Management LLC now owns 441,353 shares of the information technology services provider’s stock valued at $7,741,000 after purchasing an additional 11,192 shares during the last quarter. Finally, State Street Corp raised its position in Radware by 1.0% in the 2nd quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock valued at $4,220,000 after purchasing an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 61.66% of the company’s stock.

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About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

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