Needham & Company LLC Reaffirms “Hold” Rating for Radware (NASDAQ:RDWR)

Radware (NASDAQ:RDWR)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

Separately, Barclays boosted their price target on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Radware Stock Up 0.4 %

Shares of Radware stock opened at $21.83 on Friday. The business’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $21.79. The firm has a market cap of $916.64 million, a PE ratio of -363.77 and a beta of 0.97. Radware has a 52 week low of $16.12 and a 52 week high of $24.76.

Hedge Funds Weigh In On Radware

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ellsworth Advisors LLC acquired a new stake in shares of Radware in the fourth quarter valued at $632,000. JPMorgan Chase & Co. increased its holdings in Radware by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after purchasing an additional 42,617 shares during the period. Tidal Investments LLC increased its holdings in Radware by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 1,173 shares during the period. Barclays PLC raised its position in Radware by 137.4% in the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after purchasing an additional 9,112 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Radware in the 3rd quarter valued at about $1,117,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

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.