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

Radware Ltd. (NASDAQ:RDWR) has been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $30.00.

A number of analysts have issued reports on RDWR shares. Wall Street Zen downgraded Radware from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Finally, Jefferies Financial Group set a $25.00 price objective on Radware in a research note on Tuesday, December 16th.

Hedge Funds Weigh In On Radware

Large investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS grew its position 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in Radware by 19.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,361 shares of the information technology services provider’s stock worth $1,689,000 after purchasing an additional 9,241 shares during the period. Penserra Capital Management LLC bought a new position in Radware in the 2nd quarter worth about $84,960,000. Acadian Asset Management LLC grew its holdings in Radware by 3.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock valued at $50,454,000 after buying an additional 64,298 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Radware by 36.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,618 shares of the information technology services provider’s stock valued at $519,000 after buying an additional 4,677 shares during the period. 73.12% of the stock is owned by institutional investors.

Radware Stock Performance

Shares of RDWR stock opened at $25.03 on Thursday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 65.87 and a beta of 0.95. Radware has a 52 week low of $18.46 and a 52 week high of $31.57. The firm’s 50-day simple moving average is $24.14 and its two-hundred day simple moving average is $24.90.

Radware Company Profile

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.