Radware Ltd. $RDWR Shares Sold by Renaissance Group LLC

Renaissance Group LLC cut its stake in Radware Ltd. (NASDAQ:RDWR) by 44.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,581 shares of the information technology services provider’s stock after selling 33,176 shares during the period. Renaissance Group LLC owned approximately 0.10% of Radware worth $1,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Radware by 1.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 46,146 shares of the information technology services provider’s stock worth $1,222,000 after acquiring an additional 844 shares during the period. Engineers Gate Manager LP boosted its position in Radware by 3.0% during the second 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 in the last quarter. California State Teachers Retirement System grew its holdings in Radware by 3.5% in the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after purchasing an additional 1,190 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Radware by 200.9% in 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 in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Radware by 5.3% during the 2nd quarter. Lazard Asset Management LLC now owns 44,218 shares of the information technology services provider’s stock worth $1,301,000 after buying an additional 2,232 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on RDWR. Jefferies Financial Group set a $25.00 price objective on shares of Radware in a research report on Tuesday, December 16th. Wall Street Zen cut shares of Radware from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Radware Trading Up 3.5%

Shares of RDWR stock opened at $25.03 on Friday. Radware Ltd. has a twelve month low of $18.46 and a twelve month high of $31.57. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 65.87 and a beta of 0.95. The firm has a 50-day moving average price of $24.14 and a 200 day moving average price of $24.90.

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.