Public Employees Retirement System of Ohio boosted its position in Radware Ltd. (NASDAQ:RDWR – Free Report) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,166 shares of the information technology services provider’s stock after buying an additional 7,309 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of Radware worth $1,742,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in RDWR. Nuveen LLC purchased a new position in shares of Radware during the 1st quarter valued at approximately $4,213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Radware by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,718,260 shares of the information technology services provider’s stock valued at $37,154,000 after purchasing an additional 130,699 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Radware in the 1st quarter valued at about $2,127,000. Banque Cantonale Vaudoise acquired a new stake in shares of Radware in the 1st quarter valued at about $1,858,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Radware by 9.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 793,184 shares of the information technology services provider’s stock valued at $17,149,000 after purchasing an additional 65,479 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
Radware Stock Performance
Shares of NASDAQ:RDWR opened at $27.09 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 84.66 and a beta of 0.99. Radware Ltd. has a 1-year low of $18.46 and a 1-year high of $31.57. The company has a 50 day moving average price of $25.76 and a 200 day moving average price of $25.01.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on RDWR shares. Wolfe Research started coverage on shares of Radware in a research note on Tuesday, July 8th. They issued an “outperform” rating on the stock. Jefferies Financial Group increased their price objective on shares of Radware from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Barclays reiterated an “overweight” rating and set a $35.00 price objective (up previously from $30.00) on shares of Radware in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Radware in a research note on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Radware currently has a consensus rating of “Hold” and a consensus price target of $32.50.
Read Our Latest Analysis on Radware
Radware 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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