JPMorgan Chase & Co. Increases Stock Position in Radware Ltd. (NASDAQ:RDWR)

JPMorgan Chase & Co. lifted its holdings in Radware Ltd. (NASDAQ:RDWR) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,979 shares of the information technology services provider’s stock after buying an additional 42,617 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.78% of Radware worth $7,330,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RDWR. Millennium Management LLC boosted its stake in Radware by 2,346.9% in the 2nd quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock worth $6,944,000 after purchasing an additional 365,131 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 worth $13,091,000 after buying an additional 360,710 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Radware in the second quarter worth approximately $4,453,000. Renaissance Technologies LLC lifted its stake in shares of Radware by 12.4% in the second quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock worth $31,917,000 after buying an additional 193,689 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Radware by 247.3% during the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after buying an additional 81,718 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.

Radware Stock Up 2.5 %

Shares of Radware stock opened at $21.13 on Wednesday. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $24.76. The business has a 50-day moving average price of $22.83 and a 200-day moving average price of $21.74. The firm has a market cap of $887.35 million, a price-to-earnings ratio of -352.11 and a beta of 0.97.

Wall Street Analyst Weigh In

RDWR has been the topic of several recent analyst reports. Needham & Company LLC raised Radware to a “hold” rating in a research report on Friday, November 1st. Barclays raised 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.

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.