Short Interest in Radware Ltd. (NASDAQ:RDWR) Decreases By 13.6%

Radware Ltd. (NASDAQ:RDWR) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 799,797 shares, a drop of 13.6% from the December 31st total of 925,564 shares. Based on an average trading volume of 208,568 shares, the short-interest ratio is presently 3.8 days. Approximately 2.4% of the company’s shares are short sold. Approximately 2.4% of the company’s shares are short sold. Based on an average trading volume of 208,568 shares, the short-interest ratio is presently 3.8 days.

Analysts Set New Price Targets

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

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. Penserra Capital Management LLC bought a new position in Radware during the 2nd quarter valued at $84,960,000. Artisan Partners Limited Partnership lifted its position in shares of Radware by 26.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock worth $79,449,000 after purchasing an additional 556,551 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Radware by 18.7% during the second quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock worth $83,370,000 after purchasing an additional 445,593 shares during the last quarter. Man Group plc grew its stake in Radware by 59.5% in the third quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock worth $11,445,000 after purchasing an additional 161,159 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Radware by 95.9% in the third quarter. Qube Research & Technologies Ltd now owns 253,044 shares of the information technology services provider’s stock valued at $6,703,000 after buying an additional 123,854 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Radware Price Performance

RDWR traded down $0.44 on Tuesday, reaching $24.10. The company’s stock had a trading volume of 47,241 shares, compared to its average volume of 204,631. Radware has a 1 year low of $18.46 and a 1 year high of $31.57. The business’s 50 day moving average is $24.00 and its 200 day moving average is $25.00. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 63.32 and a beta of 0.95.

Radware Company Profile

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.