Radware Ltd. (NASDAQ:RDWR) Receives $30.00 Consensus Price Target from Brokerages

Radware Ltd. (NASDAQ:RDWR) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $30.00.

Several analysts have commented on the stock. Jefferies Financial Group set a $25.00 price target on shares of Radware in a research note on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Monday. Finally, Wall Street Zen lowered Radware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 30th.

Radware Price Performance

Radware stock opened at $23.96 on Wednesday. Radware has a 1 year low of $18.46 and a 1 year high of $31.57. The firm’s 50 day moving average price is $24.02 and its 200-day moving average price is $25.77. The stock has a market cap of $1.02 billion, a P/E ratio of 63.05 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Artisan Partners Limited Partnership raised its stake in Radware by 16.0% during the third quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider’s stock valued at $82,920,000 after purchasing an additional 431,572 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Radware during the 2nd quarter valued at about $84,960,000. Legal & General Group Plc lifted its holdings in shares of Radware by 18.7% in the 2nd quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock valued at $83,370,000 after acquiring an additional 445,593 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Radware by 8.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,718,260 shares of the information technology services provider’s stock worth $37,154,000 after acquiring an additional 130,699 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Radware by 3.9% during the second quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock worth $50,454,000 after acquiring an additional 64,298 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

About Radware

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.