Radware Target of Unusually High Options Trading (RDWR)
Radware Ltd. (NASDAQ:RDWR) saw some unusual options trading on Thursday. Investors bought 943 put options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.
Several brokerages have commented on RDWR. Zacks Investment Research downgraded Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Dougherty & Co upped their price objective on Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Barclays PLC upped their price objective on Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Radware in a research report on Friday, October 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Radware in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.83.
Radware (RDWR) opened at $19.93 on Friday. Radware has a 12-month low of $13.09 and a 12-month high of $20.26.
Institutional investors and hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Radware by 8.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after buying an additional 535 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Radware during the 2nd quarter worth $198,000. Magnetar Financial LLC bought a new position in shares of Radware during the 3rd quarter worth $206,000. Aperio Group LLC bought a new position in shares of Radware during the 2nd quarter worth $210,000. Finally, OxFORD Asset Management LLP bought a new position in shares of Radware during the 3rd quarter worth $242,000. 59.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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