Wells Fargo & Company MN increased its holdings in Radware Ltd. (NASDAQ:RDWR) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,877 shares of the information technology services provider’s stock after buying an additional 4,217 shares during the period. Wells Fargo & Company MN owned about 0.13% of Radware worth $963,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RDWR. Bank of America Corp DE lifted its holdings in Radware by 373.8% in the 1st quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock valued at $896,000 after purchasing an additional 43,773 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Radware by 122.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock valued at $1,622,000 after purchasing an additional 50,955 shares in the last quarter. Swiss National Bank lifted its holdings in Radware by 11.8% in the 2nd quarter. Swiss National Bank now owns 72,800 shares of the information technology services provider’s stock valued at $1,277,000 after purchasing an additional 7,700 shares in the last quarter. First Trust Advisors LP lifted its holdings in Radware by 37.8% in the 2nd quarter. First Trust Advisors LP now owns 238,548 shares of the information technology services provider’s stock valued at $4,184,000 after purchasing an additional 65,486 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Radware by 130.8% in the 1st quarter. Wellington Management Group LLP now owns 331,979 shares of the information technology services provider’s stock valued at $5,365,000 after purchasing an additional 188,139 shares in the last quarter. Institutional investors and hedge funds own 60.71% of the company’s stock.

A number of research firms have issued reports on RDWR. Dougherty & Co upped their target price on shares of Radware from $18.50 to $22.00 and gave the company a “buy” rating in a report on Thursday. Barclays PLC upped their target price on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Investment Research raised shares of Radware from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Radware in a research note on Friday, October 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of Radware in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Radware has a consensus rating of “Buy” and an average target price of $20.14.

Shares of Radware Ltd. (NASDAQ:RDWR) opened at $19.45 on Friday.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.06. The firm had revenue of $50.96 million during the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative net margin of 5.74% and a negative return on equity of 2.27%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. analysts predict that Radware Ltd. will post -0.14 EPS for the current year.

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Radware Company Profile

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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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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