BidaskClub lowered shares of Radware (NASDAQ:RDWR) from a sell rating to a strong sell rating in a research report report published on Wednesday.

Other research analysts have also issued reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $21.00 target price on shares of Radware in a research report on Tuesday, September 12th. Zacks Investment Research raised Radware from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a buy rating on shares of Radware in a research report on Friday, October 6th. Dougherty & Co lifted their price objective on Radware from $18.50 to $22.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Finally, Barclays lifted their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $21.00.

Shares of Radware (RDWR) traded up $0.26 during trading hours on Wednesday, reaching $19.97. The company had a trading volume of 154,600 shares, compared to its average volume of 181,533. The company has a market cap of $885.16, a price-to-earnings ratio of -73.96, a P/E/G ratio of 49.09 and a beta of 1.06. Radware has a twelve month low of $14.12 and a twelve month high of $20.78.

Several hedge funds have recently bought and sold shares of RDWR. ETF Managers Group LLC bought a new position in shares of Radware in the 2nd quarter worth about $40,097,000. Ion Asset Management Ltd. raised its position in shares of Radware by 18.7% in the 2nd quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock worth $30,753,000 after acquiring an additional 276,780 shares in the last quarter. Senvest Management LLC raised its position in shares of Radware by 4.6% in the 3rd quarter. Senvest Management LLC now owns 5,990,375 shares of the information technology services provider’s stock worth $100,998,000 after acquiring an additional 263,014 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Radware in the 2nd quarter worth about $1,909,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Radware in the 2nd quarter worth about $1,369,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

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Radware Company Profile

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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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