Robeco Institutional Asset Management B.V. Buys 70,703 Shares of Radware Ltd. (NASDAQ:RDWR)

Robeco Institutional Asset Management B.V. raised its stake in Radware Ltd. (NASDAQ:RDWR) by 127.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 126,216 shares of the information technology services provider’s stock after acquiring an additional 70,703 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Radware were worth $2,844,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rice Hall James & Associates LLC grew its holdings in shares of Radware by 6.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock worth $20,757,000 after purchasing an additional 56,116 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Radware by 159.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after buying an additional 360,710 shares during the last quarter. State Street Corp increased its holdings in shares of Radware by 4.2% during the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock worth $13,071,000 after buying an additional 23,725 shares in the last quarter. Millennium Management LLC raised its stake in shares of Radware by 2,346.9% in the second quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock valued at $6,944,000 after acquiring an additional 365,131 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Radware by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after acquiring an additional 42,617 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Price Performance

RDWR stock opened at $22.25 on Monday. The stock has a market capitalization of $934.39 million, a PE ratio of -370.77 and a beta of 0.97. The company has a 50 day moving average price of $22.63 and a 200 day moving average price of $22.06. Radware Ltd. has a fifty-two week low of $16.12 and a fifty-two week high of $24.76.

Analyst Upgrades and Downgrades

RDWR has been the subject of several research analyst reports. Barclays lifted their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Friday, January 17th.

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.