State Street Corp Buys 23,725 Shares of Radware Ltd. (NASDAQ:RDWR)

State Street Corp increased its position in shares of Radware Ltd. (NASDAQ:RDWR) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,660 shares of the information technology services provider’s stock after buying an additional 23,725 shares during the quarter. State Street Corp owned 1.40% of Radware worth $13,071,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RDWR. Point72 Asset Management L.P. raised its stake in shares of Radware by 78.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock valued at $263,000 after buying an additional 5,200 shares in the last quarter. PDT Partners LLC grew its position in Radware by 54.3% in the third quarter. PDT Partners LLC now owns 49,495 shares of the information technology services provider’s stock valued at $1,103,000 after acquiring an additional 17,409 shares during the period. Verition Fund Management LLC boosted its stake in shares of Radware by 3.0% in 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 in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Radware during the 3rd quarter worth about $366,000. Finally, BNP Paribas Financial Markets lifted its holdings in Radware by 184.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,781 shares of the information technology services provider’s stock valued at $485,000 after purchasing an additional 14,130 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC upgraded Radware to a “hold” rating in a research report on Friday, November 1st. Barclays increased their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Radware Stock Performance

Shares of RDWR stock opened at $22.91 on Thursday. Radware Ltd. has a 52-week low of $15.71 and a 52-week high of $24.76. The stock has a market cap of $962.11 million, a PE ratio of -381.77 and a beta of 0.97. The firm’s 50 day moving average price is $22.96 and its two-hundred day moving average price is $21.30.

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.