Brokerages Set Radware Ltd. (NASDAQ:RDWR) Price Target at $30.00

Radware Ltd. (NASDAQ:RDWRGet Free Report) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.00.

RDWR has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Thursday, May 7th. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th.

View Our Latest Report on RDWR

Insider Transactions at Radware

In other Radware news, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gabriel Malka sold 3,111 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total value of $90,219.00. Following the completion of the sale, the chief operating officer directly owned 61,422 shares in the company, valued at approximately $1,781,238. The trade was a 4.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 21.58% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RDWR. Parallel Advisors LLC lifted its holdings in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 374 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Radware by 3,178.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 1,176 shares in the last quarter. Simplex Trading LLC lifted its position in Radware by 51.4% during the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 550 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Radware in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $29.69 on Friday. Radware has a 12 month low of $21.68 and a 12 month high of $31.92. The firm has a market capitalization of $1.25 billion, a P/E ratio of 69.05 and a beta of 0.84. The company’s fifty day moving average price is $28.31 and its 200 day moving average price is $26.14.

Radware (NASDAQ:RDWRGet Free Report) last announced its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a return on equity of 7.69% and a net margin of 6.28%.The firm had revenue of $79.81 million during the quarter.

About Radware

(Get Free Report)

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.

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Analyst Recommendations for Radware (NASDAQ:RDWR)

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