Brokerages Set Radware Ltd. (NASDAQ:RDWR) PT at $30.00

Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.00.

Several equities research analysts have weighed in on RDWR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a report on Monday. Jefferies Financial Group set a $25.00 price target on shares of Radware in a report on Tuesday, December 16th. Finally, Wall Street Zen cut shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th.

Radware Price Performance

Shares of RDWR stock opened at $24.29 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 63.92 and a beta of 0.96. The company’s 50-day simple moving average is $23.97 and its two-hundred day simple moving average is $25.79. Radware has a one year low of $18.46 and a one year high of $31.57.

Institutional Investors Weigh In On Radware

A number of hedge funds have recently made changes to their positions in RDWR. Inspire Investing LLC purchased a new position in Radware in the first quarter valued at about $738,000. Nuveen LLC purchased a new position in shares of Radware in the 1st quarter worth approximately $4,213,000. Artisan Partners Limited Partnership raised its stake in shares of Radware by 26.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock worth $79,449,000 after acquiring an additional 556,551 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Radware during the second quarter valued at approximately $84,960,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Radware by 172.7% in the second quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock valued at $530,000 after acquiring an additional 11,400 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission?critical applications. Its product portfolio includes on?premises and cloud?based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real?time behavioral analysis, machine learning and automation to protect against distributed denial?of?service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.