Radware (NASDAQ:RDWR) Given New $30.00 Price Target at Barclays

Radware (NASDAQ:RDWR) had its price target lifted by Barclays from $23.00 to $30.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

RDWR has been the subject of a number of other research reports. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Wednesday, July 31st. StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st.

Radware Price Performance

RDWR stock opened at $21.69 on Thursday. The company has a 50 day moving average price of $22.01 and a 200 day moving average price of $20.12. Radware has a fifty-two week low of $14.19 and a fifty-two week high of $24.34. The stock has a market capitalization of $910.76 million, a PE ratio of -361.44 and a beta of 0.97.

Institutional Trading of Radware

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of Radware by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock worth $31,917,000 after purchasing an additional 193,689 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Radware by 7.1% during the second quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider’s stock worth $31,577,000 after buying an additional 115,089 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in Radware by 6.4% during the third quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock worth $20,757,000 after buying an additional 56,116 shares during the last quarter. Millennium Management LLC grew its position in shares of Radware by 2,346.9% during the 2nd quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock worth $6,944,000 after buying an additional 365,131 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Radware in the 2nd quarter valued at about $4,453,000. Institutional investors own 73.12% of the company’s stock.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.