Radware (NASDAQ:RDWR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Radware (NASDAQ:RDWR) from a buy rating to a hold rating in a research report report published on Saturday.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group set a $25.00 target price on Radware in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Radware Stock Performance

Shares of NASDAQ RDWR opened at $24.54 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 64.58 and a beta of 0.95. Radware has a fifty-two week low of $18.46 and a fifty-two week high of $31.57. The firm’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $25.00.

Institutional Investors Weigh In On Radware

A number of hedge funds have recently made changes to their positions in the business. Robertson Stephens Wealth Management LLC bought a new position in Radware during the fourth quarter valued at about $709,000. R Squared Ltd grew its position in shares of Radware by 95.8% during the 4th quarter. R Squared Ltd now owns 17,855 shares of the information technology services provider’s stock valued at $430,000 after acquiring an additional 8,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Radware by 12.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,250 shares of the information technology services provider’s stock valued at $343,000 after acquiring an additional 1,556 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Radware by 3,178.4% during the 4th 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 during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Radware in the 4th quarter worth approximately $503,000. 73.12% of the stock is currently owned by institutional investors.

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.