Short Interest in Radware Ltd. (NASDAQ:RDWR) Declines By 13.6%

Radware Ltd. (NASDAQ:RDWR) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 799,797 shares, a decrease of 13.6% from the December 31st total of 925,564 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 208,568 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily volume of 208,568 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of Radware in the second quarter valued at approximately $84,960,000. Artisan Partners Limited Partnership increased its stake in Radware by 26.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after buying an additional 556,551 shares during the period. Legal & General Group Plc raised its position in Radware by 18.7% during the 2nd quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock worth $83,370,000 after buying an additional 445,593 shares during the last quarter. Man Group plc raised its position in Radware by 59.5% during the 3rd quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock worth $11,445,000 after buying an additional 161,159 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Radware by 95.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 253,044 shares of the information technology services provider’s stock worth $6,703,000 after acquiring an additional 123,854 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Stock Down 0.5%

Radware stock traded down $0.13 during mid-day trading on Wednesday, hitting $24.03. The company had a trading volume of 124,729 shares, compared to its average volume of 209,879. The business has a fifty day moving average of $24.03 and a 200 day moving average of $24.97. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 63.24 and a beta of 0.95. Radware has a 1 year low of $18.46 and a 1 year high of $31.57.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RDWR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Jefferies Financial Group set a $25.00 target price on Radware in a research note on Tuesday, December 16th. Finally, Wall Street Zen lowered Radware from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.00.

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.