Short Interest in Radware Ltd. (NASDAQ:RDWR) Declines By 13.6%

Radware Ltd. (NASDAQ:RDWR) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 799,797 shares, a decline of 13.6% from the December 31st total of 925,564 shares. Based on an average trading volume of 208,568 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.4% of the shares of the company are sold short. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 208,568 shares, the days-to-cover ratio is currently 3.8 days.

Radware Stock Down 1.8%

NASDAQ RDWR traded down $0.44 on Tuesday, hitting $24.10. The stock had a trading volume of 47,241 shares, compared to its average volume of 204,631. The company’s 50-day moving average is $24.00 and its two-hundred day moving average is $25.00. Radware has a one year low of $18.46 and a one year high of $31.57. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 63.32 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS increased its holdings in shares of Radware by 172.7% during the second quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 11,400 shares during the period. Envestnet Asset Management Inc. grew its position in Radware by 19.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,361 shares of the information technology services provider’s stock valued at $1,689,000 after buying an additional 9,241 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Radware during the 2nd quarter valued at about $84,960,000. Acadian Asset Management LLC raised its position in shares of Radware by 3.9% during 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Radware by 36.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,618 shares of the information technology services provider’s stock worth $519,000 after acquiring an additional 4,677 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

RDWR has been the subject of several recent research reports. Jefferies Financial Group set a $25.00 target price on shares of Radware in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Radware from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Radware Company Profile

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.