Wall Street Zen Upgrades Radware (NASDAQ:RDWR) to “Buy”

Radware (NASDAQ:RDWR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

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

Radware Stock Performance

Radware stock opened at $24.39 on Friday. Radware has a 1 year low of $18.46 and a 1 year high of $31.57. The firm has a 50 day moving average price of $23.52 and a 200 day moving average price of $25.53. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 64.19 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its position in shares of Radware by 4.5% in the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after buying an additional 527 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Radware by 1.9% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 46,146 shares of the information technology services provider’s stock worth $1,222,000 after acquiring an additional 844 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Radware by 3.0% in the 2nd quarter. Engineers Gate Manager LP now owns 34,055 shares of the information technology services provider’s stock worth $1,003,000 after acquiring an additional 990 shares during the period. Banque Cantonale Vaudoise grew its position in Radware by 1.2% in the third quarter. Banque Cantonale Vaudoise now owns 88,643 shares of the information technology services provider’s stock valued at $2,348,000 after acquiring an additional 1,035 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Radware by 3.5% during the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after purchasing an additional 1,190 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

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.