Barclays PLC Increases Stock Position in Radware Ltd. (NASDAQ:RDWR)

Barclays PLC lifted its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 137.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,743 shares of the information technology services provider’s stock after buying an additional 9,112 shares during the period. Barclays PLC’s holdings in Radware were worth $350,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Radware during the 3rd quarter worth approximately $51,000. Point72 Asset Management L.P. acquired a new position in Radware during the second quarter worth $120,000. Van ECK Associates Corp boosted its position in 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 worth $167,000 after purchasing an additional 1,291 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Radware in the second quarter valued at $169,000. Finally, MQS Management LLC purchased a new position in shares of Radware in the second quarter valued at $234,000. 73.12% of the stock is owned by institutional investors and hedge funds.

Radware Stock Performance

RDWR stock opened at $22.36 on Friday. The company has a 50 day moving average price of $22.93 and a two-hundred day moving average price of $21.54. The stock has a market capitalization of $939.01 million, a P/E ratio of -372.60 and a beta of 0.97. Radware Ltd. has a one year low of $15.71 and a one year high of $24.76.

Wall Street Analysts Forecast Growth

RDWR has been the topic of a number of research reports. Needham & Company LLC raised shares of Radware to a “hold” rating in a research note on Friday, November 1st. Barclays raised their price objective on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st.

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.