Radware (NASDAQ:RDWR) Reaches New 52-Week High – Here’s Why

Radware Ltd. (NASDAQ:RDWR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.50 and last traded at $26.50, with a volume of 599 shares. The stock had previously closed at $22.88.

Analyst Upgrades and Downgrades

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

Radware Stock Performance

The company has a market capitalization of $988.86 million, a PE ratio of -441.59 and a beta of 0.97. The company’s fifty day moving average is $22.47 and its 200-day moving average is $20.75.

Institutional Investors Weigh In On Radware

A number of institutional investors have recently bought and sold shares of RDWR. Verition Fund Management LLC boosted its holdings in shares of Radware by 3.0% during the 3rd quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock valued at $358,000 after purchasing an additional 468 shares during the last quarter. Tidal Investments LLC grew 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 valued at $591,000 after buying an additional 1,173 shares in the last quarter. Van ECK Associates Corp increased its stake in Radware by 16.4% in the 2nd quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock worth $167,000 after acquiring an additional 1,291 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Radware during the 3rd quarter worth approximately $51,000. Finally, Algert Global LLC boosted its position in shares of Radware by 15.9% during the 3rd quarter. Algert Global LLC now owns 19,043 shares of the information technology services provider’s stock valued at $424,000 after acquiring an additional 2,610 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.