Radware Ltd. $RDWR Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,544,309 shares of the information technology services provider’s stock after selling 341,604 shares during the quarter. Radware accounts for 0.8% of Penserra Capital Management LLC’s holdings, making the stock its 24th largest position. Penserra Capital Management LLC owned approximately 5.96% of Radware worth $67,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Engineers Gate Manager LP grew its stake in shares of Radware by 3.0% during the 2nd quarter. Engineers Gate Manager LP now owns 34,055 shares of the information technology services provider’s stock worth $1,003,000 after purchasing an additional 990 shares during the period. California State Teachers Retirement System boosted its holdings in Radware by 3.5% during the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock worth $1,040,000 after buying an additional 1,190 shares in the last quarter. Pacer Advisors Inc. grew its position in Radware by 200.9% during the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 1,563 shares during the period. Lazard Asset Management LLC increased its holdings in Radware by 5.3% in the second quarter. Lazard Asset Management LLC now owns 44,218 shares of the information technology services provider’s stock valued at $1,301,000 after buying an additional 2,232 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Radware by 2.3% in the second quarter. Bank of America Corp DE now owns 183,278 shares of the information technology services provider’s stock worth $5,396,000 after acquiring an additional 4,163 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Stock Down 1.5%

RDWR opened at $24.16 on Wednesday. The company has a market cap of $1.03 billion, a PE ratio of 63.58 and a beta of 0.95. Radware Ltd. has a twelve month low of $18.46 and a twelve month high of $31.57. The company has a 50-day moving average price of $24.03 and a 200 day moving average price of $24.97.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $25.00 target price on shares of Radware in a research note on Tuesday, December 16th. Wall Street Zen downgraded Radware from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

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.