PDT Partners LLC Grows Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

PDT Partners LLC grew its holdings in Radware Ltd. (NASDAQ:RDWR) by 54.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,495 shares of the information technology services provider’s stock after acquiring an additional 17,409 shares during the period. PDT Partners LLC owned about 0.12% of Radware worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP raised its position in Radware by 247.3% in the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after purchasing an additional 81,718 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Radware by 159.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after acquiring an additional 360,710 shares during the period. Tidal Investments LLC acquired a new stake in Radware in the first quarter valued at approximately $494,000. Acadian Asset Management LLC raised its stake in shares of Radware by 7.1% during the second quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider’s stock valued at $31,577,000 after purchasing an additional 115,089 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Radware by 67.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,441 shares of the information technology services provider’s stock worth $1,777,000 after purchasing an additional 39,117 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Price Performance

NASDAQ RDWR opened at $23.76 on Monday. The company has a market capitalization of $997.68 million, a price-to-earnings ratio of -395.93 and a beta of 0.97. Radware Ltd. has a 12 month low of $14.94 and a 12 month high of $24.60. The company’s fifty day moving average price is $22.70 and its two-hundred day moving average price is $20.88.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised shares of Radware to a “hold” rating in a research note on Friday, November 1st. StockNews.com upgraded Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, Barclays lifted their price objective on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

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.