Radware Ltd. (NASDAQ:RDWR) had its target price upped by equities research analysts at Dougherty & Co from $18.50 to $22.00 in a research report issued to clients and investors on Thursday, November 2nd, Marketbeat reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Dougherty & Co’s price objective would suggest a potential upside of 8.75% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Radware from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Radware in a research note on Thursday, August 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target (up previously from $19.00) on shares of Radware in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Radware from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Imperial Capital restated an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Radware in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.83.
Shares of Radware (RDWR) opened at $20.23 on Thursday. Radware has a 12 month low of $13.09 and a 12 month high of $20.32.
Large investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of 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 worth $122,000 after purchasing an additional 535 shares during the period. Balter Liquid Alternatives LLC acquired a new position in shares of Radware during the 2nd quarter valued at $198,000. Magnetar Financial LLC acquired a new position in shares of Radware during the 3rd quarter valued at $206,000. Aperio Group LLC acquired a new position in shares of Radware during the 2nd quarter valued at $210,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Radware during the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 59.76% of the company’s stock.
Radware Company Profile
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.
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