First Trust Advisors LP Buys 59,814 Shares of Radware Ltd. $RDWR

First Trust Advisors LP raised its stake in Radware Ltd. (NASDAQ:RDWR) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,172,054 shares of the information technology services provider’s stock after purchasing an additional 59,814 shares during the period. First Trust Advisors LP owned 2.75% of Radware worth $34,505,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG raised its holdings in Radware by 32.3% in the 1st quarter. Deutsche Bank AG now owns 26,055 shares of the information technology services provider’s stock valued at $563,000 after acquiring an additional 6,366 shares during the period. Nuveen LLC bought a new stake in shares of Radware during the first quarter worth approximately $4,213,000. Russell Investments Group Ltd. grew its position in shares of Radware by 81.4% in the first quarter. Russell Investments Group Ltd. now owns 31,526 shares of the information technology services provider’s stock valued at $682,000 after purchasing an additional 14,146 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Radware by 257.1% during the first quarter. Quantbot Technologies LP now owns 9,292 shares of the information technology services provider’s stock worth $201,000 after purchasing an additional 6,690 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Radware during the 1st quarter worth approximately $792,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

RDWR has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Tuesday, December 2nd. Wall Street Zen lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Radware presently has an average rating of “Hold” and a consensus target price of $32.50.

Radware Stock Up 1.2%

NASDAQ RDWR opened at $24.12 on Wednesday. The business’s fifty day moving average is $24.51 and its 200 day moving average is $25.78. Radware Ltd. has a twelve month low of $18.46 and a twelve month high of $31.57. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 63.48 and a beta of 0.96.

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.