Radware Ltd. (NASDAQ:RDWR) Receives Average Rating of “Hold” from Brokerages

Radware Ltd. (NASDAQ:RDWR) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.00.

A number of research firms recently commented on RDWR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Jefferies Financial Group set a $25.00 price target on Radware in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a report on Sunday.

Institutional Trading of Radware

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Radware by 200.9% during the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock worth $62,000 after buying an additional 1,563 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Radware during the third quarter worth $212,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Radware during the third quarter valued at $237,000. Aquatic Capital Management LLC acquired a new position in shares of Radware in the 3rd quarter valued at $290,000. Finally, Quantbot Technologies LP increased its stake in Radware by 5,996.7% in the 3rd quarter. Quantbot Technologies LP now owns 11,096 shares of the information technology services provider’s stock worth $294,000 after purchasing an additional 10,914 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors.

Radware Stock Up 0.3%

Shares of RDWR opened at $24.13 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of 63.50 and a beta of 0.94. The firm has a 50-day moving average price of $23.53 and a 200 day moving average price of $25.58. Radware has a 52-week low of $18.46 and a 52-week high of $31.57.

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.