Radware (NASDAQ:RDWR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Radware Ltd. (NASDAQ:RDWR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.47 and traded as high as $22.75. Radware shares last traded at $22.31, with a volume of 119,365 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC raised Radware to a “hold” rating in a report on Friday, November 1st. Barclays lifted their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Radware Price Performance

The company has a market cap of $936.91 million, a P/E ratio of -371.77 and a beta of 0.97. The business’s 50 day moving average price is $22.93 and its 200-day moving average price is $21.47.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. nVerses Capital LLC bought a new stake in shares of Radware during the third quarter valued at approximately $51,000. Point72 Asset Management L.P. bought a new stake in shares of Radware during the second quarter worth $120,000. Van ECK Associates Corp lifted its stake in shares of Radware by 16.4% during 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 period. Point72 DIFC Ltd bought a new position in Radware in the second quarter valued at about $169,000. Finally, MQS Management LLC acquired a new stake in Radware in the second quarter worth about $234,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

About Radware

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.