Radware (NASDAQ:RDWR) had its price objective hoisted by Needham & Company LLC from $23.00 to $24.50 in a report issued on Thursday, February 8th, Marketbeat.com reports. They currently have a buy rating on the information technology services provider’s stock.
Other analysts also recently issued reports about the company. BidaskClub raised Radware from a strong sell rating to a sell rating in a research report on Monday, February 5th. Zacks Investment Research raised Radware from a strong sell rating to a hold rating in a research report on Wednesday, October 18th. Dougherty & Co raised their price objective on Radware from $22.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Finally, Barclays raised their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $22.07.
Shares of Radware (NASDAQ:RDWR) traded up $0.04 during trading hours on Thursday, hitting $21.29. The company had a trading volume of 140,840 shares, compared to its average volume of 192,587. The firm has a market cap of $913.51, a P/E ratio of -133.06, a price-to-earnings-growth ratio of 32.52 and a beta of 1.00. Radware has a 1 year low of $15.13 and a 1 year high of $21.51.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDWR. Migdal Insurance & Financial Holdings Ltd. grew its position in Radware by 8.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock valued at $122,000 after acquiring an additional 535 shares in the last quarter. Magnetar Financial LLC acquired a new position in Radware in the 3rd quarter valued at about $206,000. GSA Capital Partners LLP acquired a new position in Radware in the 3rd quarter valued at about $234,000. OxFORD Asset Management LLP acquired a new position in Radware in the 3rd quarter valued at about $242,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Radware in the 4th quarter valued at about $259,000. 61.45% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This report was originally published by Week Herald and is owned by of Week Herald. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://weekherald.com/2018/02/15/radware-rdwr-pt-raised-to-24-50-at-needham-company-llc.html.
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.