Tidal Investments LLC Has $591,000 Holdings in Radware Ltd. (NASDAQ:RDWR)

Tidal Investments LLC raised its position in Radware Ltd. (NASDAQ:RDWR) by 4.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,541 shares of the information technology services provider’s stock after purchasing an additional 1,173 shares during the period. Tidal Investments LLC’s holdings in Radware were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Radware during the third quarter valued at approximately $51,000. Point72 Asset Management L.P. acquired a new stake in Radware in the second quarter valued at about $120,000. Van ECK Associates Corp grew its position in 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 acquiring an additional 1,291 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Radware during the 2nd quarter worth approximately $169,000. Finally, MQS Management LLC acquired a new stake in Radware in the second quarter valued at approximately $234,000. Institutional investors own 73.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Needham & Company LLC upgraded Radware to a “hold” rating in a research report on Friday, November 1st. Barclays raised their price target 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.

Radware Stock Performance

NASDAQ:RDWR opened at $22.58 on Monday. Radware Ltd. has a fifty-two week low of $15.71 and a fifty-two week high of $24.76. The company has a 50 day simple moving average of $22.98 and a two-hundred day simple moving average of $21.24. The company has a market capitalization of $948.25 million, a PE ratio of -376.27 and a beta of 0.97.

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.