Radware Ltd. (RDWR) Holdings Cut by First Trust Advisors LP
First Trust Advisors LP trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 65.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 81,699 shares of the information technology services provider’s stock after selling 156,849 shares during the period. First Trust Advisors LP owned about 0.19% of Radware worth $1,377,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Radware by 8.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 535 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in Radware in the second quarter valued at about $198,000. Aperio Group LLC purchased a new position in Radware in the second quarter valued at about $210,000. Vanguard Group Inc. boosted its stake in Radware by 24.1% in the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 3,101 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Radware by 5.0% in the second quarter. US Bancorp DE now owns 16,535 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 784 shares during the last quarter. 61.66% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Radware in a research note on Thursday, August 10th. Dougherty & Co boosted their target price on shares of Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Barclays boosted their target price on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Radware currently has a consensus rating of “Buy” and an average price target of $20.83.
Radware Ltd. (NASDAQ:RDWR) opened at $20.29 on Friday. Radware Ltd. has a 52 week low of $13.33 and a 52 week high of $20.52.
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Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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