Radware (NASDAQ:RDWR) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Radware (NASDAQ:RDWR) in a research note released on Friday morning,Benzinga reports.

Separately, Barclays upped their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Stock Up 0.4 %

Radware stock opened at $21.83 on Friday. The company has a market capitalization of $916.64 million, a PE ratio of -363.77 and a beta of 0.97. Radware has a 12-month low of $16.12 and a 12-month high of $24.76. The firm’s fifty day moving average is $22.81 and its 200 day moving average is $21.77.

Institutional Investors Weigh In On Radware

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ellsworth Advisors LLC acquired a new stake in Radware in the 4th quarter valued at $632,000. JPMorgan Chase & Co. lifted its stake in shares of Radware by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Radware by 4.6% during the third quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock valued at $591,000 after buying an additional 1,173 shares during the last quarter. Barclays PLC increased its position in shares of Radware by 137.4% during the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after acquiring an additional 9,112 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Radware in the 3rd quarter worth about $1,117,000. 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.