Algert Global LLC Grows Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Algert Global LLC raised its stake in Radware Ltd. (NASDAQ:RDWR) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,043 shares of the information technology services provider’s stock after buying an additional 2,610 shares during the period. Algert Global LLC’s holdings in Radware were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Radware in the 3rd quarter worth about $51,000. Point72 Asset Management L.P. purchased a new stake in shares of Radware in the second quarter valued at about $120,000. Van ECK Associates Corp grew its position in shares of Radware by 16.4% in the second quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 1,291 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Radware during the 2nd quarter worth approximately $169,000. Finally, MQS Management LLC purchased a new stake in Radware in the 2nd quarter valued at approximately $234,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Radware Stock Performance

Shares of RDWR opened at $23.76 on Friday. Radware Ltd. has a fifty-two week low of $14.94 and a fifty-two week high of $24.60. The company has a market capitalization of $997.80 million, a PE ratio of -396.00 and a beta of 0.97. The stock has a fifty day moving average of $22.70 and a two-hundred day moving average of $20.88.

Radware 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.