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

Wall Street Zen downgraded shares of Radware (NASDAQ:RDWR) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group set a $25.00 price objective on shares of Radware in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Radware has a consensus rating of “Hold” and an average price target of $30.00.

Radware Trading Down 1.3%

NASDAQ:RDWR opened at $23.78 on Friday. The firm’s 50 day moving average is $23.71 and its 200 day moving average is $25.71. The stock has a market capitalization of $1.02 billion, a PE ratio of 62.58 and a beta of 0.94. Radware has a 12 month low of $18.46 and a 12 month high of $31.57.

Hedge Funds Weigh In On Radware

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

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.