Barclays PLC Grows Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Barclays PLC lifted its position in Radware Ltd. (NASDAQ:RDWR) by 137.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,743 shares of the information technology services provider’s stock after buying an additional 9,112 shares during the quarter. Barclays PLC’s holdings in Radware were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Radware by 159.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after purchasing an additional 360,710 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Radware during the 2nd quarter worth about $4,453,000. Renaissance Technologies LLC raised its position in Radware by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock valued at $31,917,000 after purchasing an additional 193,689 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Radware by 7.1% in the 2nd 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. Institutional investors and hedge funds own 73.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Needham & Company LLC raised shares of Radware to a “hold” rating in a report on Friday, November 1st. Barclays raised their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Price Performance

Radware stock opened at $22.36 on Friday. The business has a 50 day simple moving average of $22.93 and a 200-day simple moving average of $21.54. Radware Ltd. has a 12 month low of $15.71 and a 12 month high of $24.76. The stock has a market capitalization of $939.01 million, a PE ratio of -372.60 and a beta of 0.97.

About Radware

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.