R Squared Ltd Purchases Shares of 2,770 Radware Ltd. (NASDAQ:RDWR)

R Squared Ltd bought a new stake in Radware Ltd. (NASDAQ:RDWR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,770 shares of the information technology services provider’s stock, valued at approximately $62,000.

Several other large investors also recently bought and sold shares of the stock. Rice Hall James & Associates LLC raised its stake in shares of 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 buying an additional 56,116 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Radware by 159.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after acquiring an additional 360,710 shares during the last quarter. State Street Corp grew its holdings in Radware by 4.2% in the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after buying an additional 23,725 shares during the period. Millennium Management LLC boosted its position in shares of Radware by 2,346.9% in the second quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock worth $6,944,000 after acquiring an additional 365,131 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Radware by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after buying an additional 42,617 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RDWR. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, January 17th. Barclays raised their price target on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Trading Down 2.2 %

Shares of RDWR stock opened at $22.25 on Friday. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $24.76. The company has a market capitalization of $934.28 million, a PE ratio of -370.77 and a beta of 0.97. The firm has a fifty day simple moving average of $22.63 and a 200-day simple moving average of $22.03.

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.