Analysts Set Radware Ltd. (RDWR) Price Target at $20.60

Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.60.

Several research analysts have weighed in on RDWR shares. Barclays increased their price target on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Dougherty & Co increased their price target on shares of Radware from $18.50 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Radware in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 price objective on shares of Radware in a research report on Tuesday, September 12th.

Radware (NASDAQ RDWR) traded up $0.07 on Thursday, reaching $20.34. 97,200 shares of the company’s stock traded hands, compared to its average volume of 176,335. Radware has a fifty-two week low of $13.33 and a fifty-two week high of $20.78.

Hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Radware by 8.3% during 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 purchasing an additional 535 shares during the period. Balter Liquid Alternatives LLC bought a new stake in shares of Radware during the 2nd quarter valued at $198,000. Aperio Group LLC bought a new stake in shares of Radware during the 2nd quarter valued at $210,000. Magnetar Financial LLC bought a new stake in shares of Radware during the 3rd quarter valued at $206,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Radware during the 3rd quarter valued at $234,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

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Radware Company Profile

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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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