Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.60.
RDWR has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating on shares of Radware in a research note on Friday, October 6th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of Radware in a research note on Tuesday, September 12th. Dougherty & Co increased their target price on Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Radware from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, BidaskClub lowered Radware from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
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Radware (NASDAQ RDWR) traded up $0.10 during trading on Friday, hitting $19.31. The stock had a trading volume of 135,600 shares, compared to its average volume of 195,961. Radware has a 52 week low of $12.84 and a 52 week high of $19.68.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of Radware by 373.8% in the 1st quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock worth $896,000 after acquiring an additional 43,773 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Radware by 122.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock worth $1,622,000 after acquiring an additional 50,955 shares in the last quarter. Swiss National Bank grew its position in shares of Radware by 11.8% in the 2nd quarter. Swiss National Bank now owns 72,800 shares of the information technology services provider’s stock worth $1,277,000 after acquiring an additional 7,700 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in shares of Radware in the 2nd quarter worth approximately $1,909,000. Finally, ETF Managers Group LLC bought a new stake in shares of Radware in the 2nd quarter worth approximately $40,097,000. Institutional investors own 60.85% of the company’s stock.
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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