Ameriprise Financial Inc. acquired a new position in Radware Ltd. (NASDAQ:RDWR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 78,023 shares of the information technology services provider’s stock, valued at approximately $1,369,000. Ameriprise Financial Inc. owned 0.18% of Radware at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDWR. JPMorgan Chase & Co. increased its holdings in shares of Radware by 24.1% in the first quarter. JPMorgan Chase & Co. now owns 41,508 shares of the information technology services provider’s stock worth $671,000 after buying an additional 8,073 shares during the period. Wellington Management Group LLP increased its holdings in shares of Radware by 130.8% in the first quarter. Wellington Management Group LLP now owns 331,979 shares of the information technology services provider’s stock worth $5,365,000 after buying an additional 188,139 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Radware by 66.2% in the first quarter. Renaissance Technologies LLC now owns 480,897 shares of the information technology services provider’s stock worth $7,771,000 after buying an additional 191,597 shares during the period. KCG Holdings Inc. increased its holdings in shares of Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock worth $255,000 after buying an additional 4,984 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Radware by 373.8% in the first quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock worth $896,000 after buying an additional 43,773 shares during the period. Hedge funds and other institutional investors own 60.85% of the company’s stock.

Shares of Radware Ltd. (RDWR) opened at $19.45 on Monday.

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Several analysts recently issued reports on RDWR shares. Imperial Capital reissued an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Radware in a research note on Thursday, August 10th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised Radware from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 target price (up from $19.00) on shares of Radware in a research note on Thursday, August 3rd. Finally, Barclays PLC raised their target price on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Radware presently has a consensus rating of “Buy” and a consensus price target of $20.14.

About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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