Radware (NASDAQ:RDWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Radware (NASDAQ:RDWR) from a hold rating to a buy rating in a research note released on Sunday.

Several other equities research analysts have also recently weighed in on RDWR. Jefferies Financial Group set a $25.00 price objective on Radware in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radware Stock Down 1.0%

RDWR stock opened at $24.14 on Friday. Radware has a 52 week low of $18.46 and a 52 week high of $31.57. The firm has a market capitalization of $1.03 billion, a P/E ratio of 63.53 and a beta of 0.94. The company has a fifty day simple moving average of $23.53 and a two-hundred day simple moving average of $25.49.

Hedge Funds Weigh In On Radware

A number of large investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in Radware by 200.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 1,563 shares during the last quarter. Inceptionr LLC bought a new position in shares of Radware in the third quarter worth about $212,000. Kestra Private Wealth Services LLC purchased a new position in Radware in the 3rd quarter worth about $237,000. Aquatic Capital Management LLC purchased a new position in Radware in the 3rd quarter worth about $290,000. Finally, Quantbot Technologies LP lifted its holdings in Radware by 5,996.7% during the 3rd quarter. Quantbot Technologies LP now owns 11,096 shares of the information technology services provider’s stock valued at $294,000 after buying an additional 10,914 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.