Radware (NASDAQ:RDWR) Downgraded to “Hold” Rating by Wall Street Zen

Radware (NASDAQ:RDWR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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

Radware Price Performance

RDWR stock opened at $24.15 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 63.55 and a beta of 0.94. The company has a fifty day moving average price of $23.96 and a 200 day moving average price of $25.07. Radware has a 12 month low of $18.46 and a 12 month high of $31.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Artisan Partners Limited Partnership lifted its holdings in Radware by 26.0% in the second quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after acquiring an additional 556,551 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Radware in the second quarter valued at about $84,960,000. KLP Kapitalforvaltning AS lifted its stake in shares of Radware by 172.7% in the second quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 11,400 shares during the period. First Trust Advisors LP boosted its holdings in Radware by 5.4% during the second quarter. First Trust Advisors LP now owns 1,172,054 shares of the information technology services provider’s stock worth $34,505,000 after buying an additional 59,814 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position 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 buying an additional 64,298 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

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.