Radware Ltd. $RDWR Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC decreased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,544,309 shares of the information technology services provider’s stock after selling 341,604 shares during the quarter. Radware comprises about 0.8% of Penserra Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Penserra Capital Management LLC owned approximately 0.06% of Radware worth $67,398,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc boosted its position in Radware by 18.7% during the second quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock worth $83,370,000 after acquiring an additional 445,593 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Radware by 26.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after acquiring an additional 556,551 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Radware by 3.9% in 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 purchasing an additional 64,298 shares in the last quarter. First Trust Advisors LP lifted its stake in Radware by 5.4% in the 2nd quarter. First Trust Advisors LP now owns 1,172,054 shares of the information technology services provider’s stock worth $34,505,000 after purchasing an additional 59,814 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Radware by 27.2% during the 3rd quarter. New York State Common Retirement Fund now owns 274,362 shares of the information technology services provider’s stock worth $7,268,000 after purchasing an additional 58,730 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Stock Performance

RDWR opened at $24.16 on Wednesday. The stock has a market capitalization of $1.03 billion, a PE ratio of 63.58 and a beta of 0.95. Radware Ltd. has a one year low of $18.46 and a one year high of $31.57. The business’s 50 day moving average price is $24.03 and its 200 day moving average price is $24.97.

Analysts Set New Price Targets

Several research firms recently commented on RDWR. Wall Street Zen cut Radware from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $25.00 target price on Radware in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

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.