Radware Ltd. (NASDAQ:RDWR) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 159.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 587,570 shares of the information technology services provider’s stock after buying an additional 360,710 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Radware were worth $13,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise lifted its position in shares of Radware by 9.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock valued at $2,111,000 after buying an additional 8,288 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Radware by 247.3% in the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after buying an additional 81,718 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Radware by 162.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock worth $1,237,000 after acquiring an additional 34,332 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in Radware by 6.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock worth $20,757,000 after purchasing an additional 56,116 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Radware in the third quarter valued at about $51,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Price Performance

Radware stock opened at $23.18 on Friday. The stock has a market capitalization of $973.44 million, a PE ratio of -386.33 and a beta of 0.97. The business has a 50 day simple moving average of $22.37 and a 200-day simple moving average of $20.65. Radware Ltd. has a 12 month low of $14.94 and a 12 month high of $24.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RDWR shares. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Barclays upped their price target on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC raised shares of Radware to a “hold” rating in a research note on Friday, November 1st.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.