Radware’s (RDWR) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Radware (NASDAQ:RDWR) in a research report released on Friday morning,Benzinga reports.

Separately, Barclays upped their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Radware Trading Up 0.4 %

Radware stock opened at $21.83 on Friday. The stock has a market cap of $916.64 million, a PE ratio of -363.77 and a beta of 0.97. The stock has a 50-day moving average price of $22.81 and a 200 day moving average price of $21.81. Radware has a 52 week low of $16.12 and a 52 week high of $24.76.

Hedge Funds Weigh In On Radware

Several large investors have recently added to or reduced their stakes in RDWR. Ellsworth Advisors LLC acquired a new position in shares of Radware during the 4th quarter valued at about $632,000. JPMorgan Chase & Co. grew its holdings in Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after purchasing an additional 42,617 shares during the period. Tidal Investments LLC increased its position in Radware by 4.6% during the third quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 1,173 shares during the last quarter. Barclays PLC boosted its holdings in shares of Radware by 137.4% in the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after purchasing an additional 9,112 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Radware during the 3rd quarter valued at $1,117,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

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.