Radware Ltd. (RDWR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Radware Ltd. (NASDAQ:RDWR) by 37.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,234 shares of the information technology services provider’s stock after buying an additional 34,771 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.29% of Radware worth $2,113,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Radware by 8.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 535 shares in the last quarter. State Street Corp lifted its stake in Radware by 1.0% in the 2nd quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock valued at $4,220,000 after buying an additional 2,489 shares in the last quarter. Vanguard Group Inc. lifted its stake in Radware by 24.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after buying an additional 3,101 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Radware by 2.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 162,980 shares of the information technology services provider’s stock valued at $2,859,000 after buying an additional 3,568 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Radware by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock valued at $3,308,000 after buying an additional 4,100 shares in the last quarter. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

RDWR has been the topic of a number of recent analyst reports. BidaskClub lowered Radware from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. Dougherty & Co increased their price target on Radware from $18.50 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, January 4th. Jefferies Group reissued a “buy” rating on shares of Radware in a research note on Friday, October 6th. Finally, Barclays increased their price target on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Radware currently has a consensus rating of “Buy” and an average target price of $21.00.

Radware Ltd. (NASDAQ:RDWR) opened at $20.11 on Monday. The firm has a market capitalization of $874.38, a price-to-earnings ratio of -77.34, a price-to-earnings-growth ratio of 50.09 and a beta of 1.06. Radware Ltd. has a 52 week low of $14.12 and a 52 week high of $20.78.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Radware had a negative return on equity of 2.27% and a negative net margin of 5.74%. analysts anticipate that Radware Ltd. will post -0.14 earnings per share for the current year.

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About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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