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

R Squared Ltd purchased a new position in Radware Ltd. (NASDAQ:RDWR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,770 shares of the information technology services provider’s stock, valued at approximately $62,000.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Radware during the 3rd quarter worth $51,000. Point72 Asset Management L.P. bought a new position in shares of Radware during the second quarter worth about $120,000. Barclays PLC grew its stake in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 9,112 shares in the last quarter. Verition Fund Management LLC increased its holdings in Radware by 3.0% in the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock valued at $358,000 after buying an additional 468 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Radware during the third quarter valued at approximately $366,000. 73.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RDWR. Barclays lifted their target price on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research note on Friday, January 17th.

Radware Trading Down 2.2 %

Shares of Radware stock opened at $22.25 on Friday. The stock has a market capitalization of $934.28 million, a price-to-earnings ratio of -370.77 and a beta of 0.97. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $24.76. The business’s 50 day simple moving average is $22.63 and its 200-day simple moving average is $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.