Radware Ltd. (NASDAQ:RDWR) Given Consensus Rating of “Hold” by Brokerages

Shares of Radware Ltd. (NASDAQ:RDWR) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $30.00.

RDWR has been the topic of a number of research reports. Wall Street Zen lowered Radware from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 30th. Jefferies Financial Group set a $25.00 price target on Radware in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Monday.

Hedge Funds Weigh In On Radware

Hedge funds have recently modified their holdings of the stock. Deutsche Bank AG grew its stake in Radware by 32.3% in the first quarter. Deutsche Bank AG now owns 26,055 shares of the information technology services provider’s stock valued at $563,000 after purchasing an additional 6,366 shares in the last quarter. Nuveen LLC acquired a new position in Radware during the first quarter worth $4,213,000. Russell Investments Group Ltd. raised its position in Radware by 81.4% during the first quarter. Russell Investments Group Ltd. now owns 31,526 shares of the information technology services provider’s stock worth $682,000 after acquiring an additional 14,146 shares in the last quarter. Quantbot Technologies LP lifted its stake in Radware by 257.1% in the first quarter. Quantbot Technologies LP now owns 9,292 shares of the information technology services provider’s stock valued at $201,000 after acquiring an additional 6,690 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Radware in the 1st quarter valued at about $792,000. Institutional investors own 73.12% of the company’s stock.

Radware Trading Down 1.4%

RDWR opened at $23.43 on Wednesday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 61.66 and a beta of 0.96. Radware has a 12 month low of $18.46 and a 12 month high of $31.57. The firm’s fifty day simple moving average is $24.19 and its 200 day simple moving average is $25.80.

About Radware

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.