Short Interest in Radware Ltd. (NASDAQ:RDWR) Increases By 36.8%

Radware Ltd. (NASDAQ:RDWR) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 925,564 shares, an increase of 36.8% from the December 15th total of 676,416 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 361,379 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 361,379 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Radware

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Radware during the fourth quarter worth about $503,000. Kestra Private Wealth Services LLC acquired a new stake in Radware in the 3rd quarter worth about $237,000. Shelton Capital Management increased its stake in Radware by 76.4% during the 3rd quarter. Shelton Capital Management now owns 26,756 shares of the information technology services provider’s stock worth $709,000 after buying an additional 11,588 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Radware by 95.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 253,044 shares of the information technology services provider’s stock worth $6,703,000 after buying an additional 123,854 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Radware by 29.9% during the third quarter. Millennium Management LLC now owns 295,353 shares of the information technology services provider’s stock valued at $7,824,000 after acquiring an additional 67,936 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group set a $25.00 target price on Radware in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.00.

Radware Stock Down 2.5%

Shares of Radware stock traded down $0.61 on Monday, reaching $24.03. The company’s stock had a trading volume of 206,025 shares, compared to its average volume of 249,153. The company has a market capitalization of $1.03 billion, a P/E ratio of 63.24 and a beta of 0.94. The stock has a 50-day moving average price of $23.57 and a 200-day moving average price of $25.38. Radware has a 52-week low of $18.46 and a 52-week high of $31.57.

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.