Cresset Asset Management LLC lowered its stake in shares of Radware Ltd. (NASDAQ:RDWR – Free Report) by 27.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,102 shares of the information technology services provider’s stock after selling 7,055 shares during the quarter. Cresset Asset Management LLC’s holdings in Radware were worth $413,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new position in shares of Radware during the 4th quarter valued at $227,000. Graham Capital Management L.P. bought a new position in shares of Radware during the 4th quarter valued at $236,000. Two Sigma Securities LLC grew its holdings in shares of Radware by 16.6% during the 4th quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 1,545 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Radware by 126.9% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,241 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 6,287 shares during the last quarter. Finally, R Squared Ltd grew its holdings in shares of Radware by 342.2% during the 1st quarter. R Squared Ltd now owns 12,250 shares of the information technology services provider’s stock valued at $265,000 after purchasing an additional 9,480 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.
Radware Stock Up 1.2%
Shares of Radware stock opened at $25.15 on Monday. The firm has a market cap of $1.07 billion, a PE ratio of 78.60 and a beta of 0.97. Radware Ltd. has a 12-month low of $18.46 and a 12-month high of $31.57. The company’s fifty day simple moving average is $27.47 and its two-hundred day simple moving average is $24.33.
Analyst Ratings Changes
RDWR has been the topic of several recent research reports. Jefferies Financial Group increased their target price on shares of Radware from $25.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Wolfe Research initiated coverage on shares of Radware in a report on Tuesday, July 8th. They set an “outperform” rating on the stock. Finally, Barclays reaffirmed an “overweight” rating and set a $35.00 target price (up previously from $30.00) on shares of Radware in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Radware has a consensus rating of “Moderate Buy” and an average price target of $32.50.
View Our Latest Analysis on Radware
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.
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