Radware Ltd. (NASDAQ:RDWR – Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 524,300 shares, a growth of 22.0% from the June 30th total of 429,600 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 407,200 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its holdings in shares of Radware by 14.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock worth $236,000 after acquiring an additional 1,774 shares during the period. California State Teachers Retirement System boosted its position in Radware by 9.7% during the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock worth $762,000 after purchasing an additional 3,599 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 4,539 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Radware by 7.0% in the second quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock valued at $2,436,000 after buying an additional 8,715 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Radware during the 1st quarter worth $494,000. 73.12% of the stock is owned by hedge funds and other institutional investors.
Radware Price Performance
Shares of RDWR traded up $0.07 during midday trading on Friday, reaching $18.55. 127,223 shares of the stock were exchanged, compared to its average volume of 260,385. Radware has a twelve month low of $13.53 and a twelve month high of $20.94. The business’s 50-day moving average price is $18.66 and its 200 day moving average price is $18.31. The company has a market capitalization of $821.89 million, a price-to-earnings ratio of -40.33 and a beta of 0.98.
Analysts Set New Price Targets
RDWR has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, May 17th. StockNews.com cut Radware from a “strong-buy” rating to a “buy” rating in a research note on Thursday.
Check Out Our Latest Stock Analysis on RDWR
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.
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