Northern Trust Corp reduced its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,731 shares of the information technology services provider’s stock after selling 18,673 shares during the quarter. Northern Trust Corp owned 0.22% of Radware worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of RDWR. Balter Liquid Alternatives LLC purchased a new position in Radware during the second quarter worth approximately $198,000. Aperio Group LLC acquired a new position in Radware during the 2nd quarter worth $210,000. US Bancorp DE grew its holdings in Radware by 5.0% during the 2nd quarter. US Bancorp DE now owns 16,535 shares of the information technology services provider’s stock worth $290,000 after acquiring an additional 784 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in Radware during the 2nd quarter worth $395,000. Finally, Bank of America Corp DE grew its holdings in Radware by 373.8% during the 1st quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock worth $896,000 after acquiring an additional 43,773 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.
Shares of Radware Ltd. (NASDAQ RDWR) opened at $20.30 on Tuesday. Radware Ltd. has a fifty-two week low of $13.33 and a fifty-two week high of $20.78.
RDWR has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Dougherty & Co boosted 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. Barclays boosted their target price on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Radware in a research note on Friday, October 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of Radware in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.83.
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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.
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