Needham & Company LLC Reiterates Hold Rating for Radware (NASDAQ:RDWR)

Radware (NASDAQ:RDWR)‘s stock had its “hold” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports.

Separately, Barclays boosted their target price on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st.

Radware Price Performance

Radware stock opened at $21.83 on Friday. The stock’s fifty day moving average is $22.81 and its two-hundred day moving average is $21.79. The stock has a market cap of $916.64 million, a PE ratio of -363.77 and a beta of 0.97. Radware has a 1-year low of $16.12 and a 1-year high of $24.76.

Institutional Investors Weigh In On Radware

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ellsworth Advisors LLC acquired a new position in Radware in the fourth quarter valued at $632,000. JPMorgan Chase & Co. lifted its holdings in shares of Radware by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after purchasing an additional 42,617 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Radware by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 1,173 shares during the period. Barclays PLC increased its position in Radware by 137.4% during the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after buying an additional 9,112 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Radware in the third quarter valued at approximately $1,117,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.