UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,281 Shares of Radware Ltd. (NASDAQ:RDWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,408 shares of the information technology services provider’s stock after selling 4,281 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Radware worth $1,390,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Radware by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock worth $31,917,000 after purchasing an additional 193,689 shares during the period. Acadian Asset Management LLC increased 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 buying an additional 115,089 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Radware by 6.4% during the third quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock valued at $20,757,000 after buying an additional 56,116 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Radware by 159.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock valued at $13,091,000 after acquiring an additional 360,710 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Radware by 2,346.9% in the second quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock worth $6,944,000 after acquiring an additional 365,131 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Performance

Shares of Radware stock opened at $23.11 on Wednesday. The company has a market capitalization of $970.50 million, a PE ratio of -385.17 and a beta of 0.97. The company has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $21.15. Radware Ltd. has a one year low of $15.71 and a one year high of $24.76.

Analyst Ratings Changes

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

Radware Company Profile

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.