Radware (NASDAQ:RDWR) Stock Rating Lowered by Wall Street Zen

Radware (NASDAQ:RDWR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

RDWR has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research report on Monday, December 29th. Jefferies Financial Group set a $25.00 price target on Radware in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.00.

Radware Trading Down 0.5%

Shares of RDWR stock opened at $24.15 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of 63.55 and a beta of 0.95. The firm has a fifty day moving average price of $23.96 and a 200 day moving average price of $25.03. Radware has a 12 month low of $18.46 and a 12 month high of $31.57.

Institutional Investors Weigh In On Radware

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in shares of Radware by 14.1% during the second quarter. Public Employees Retirement System of Ohio now owns 59,166 shares of the information technology services provider’s stock worth $1,742,000 after buying an additional 7,309 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in Radware by 172.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock worth $530,000 after acquiring an additional 11,400 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Radware by 19.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,361 shares of the information technology services provider’s stock valued at $1,689,000 after purchasing an additional 9,241 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Radware in the second quarter valued at approximately $84,960,000. Finally, Acadian Asset Management LLC grew its position in Radware by 3.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock valued at $50,454,000 after buying an additional 64,298 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

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.