Radware (RDWR) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Radware (NASDAQ:RDWR) from a hold rating to a sell rating in a research note published on Wednesday, December 20th.

A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Radware from a hold rating to a sell rating in a research report on Wednesday, November 8th. Dougherty & Co boosted their price objective on Radware from $18.50 to $22.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Barclays boosted their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a research note on Thursday, November 2nd. Jefferies Group reissued a buy rating on shares of Radware in a research note on Friday, October 6th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $21.00 target price on shares of Radware in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $21.00.

Shares of Radware (NASDAQ RDWR) traded up $0.08 during mid-day trading on Wednesday, reaching $20.11. The company’s stock had a trading volume of 68,770 shares, compared to its average volume of 168,762. Radware has a one year low of $14.12 and a one year high of $20.78.

A number of large investors have recently bought and sold shares of the stock. AXA raised its position in Radware by 8.8% during the third quarter. AXA now owns 321,000 shares of the information technology services provider’s stock valued at $5,412,000 after buying an additional 26,000 shares during the period. GSA Capital Partners LLP acquired a new position in Radware during the third quarter valued at $234,000. Cubist Systematic Strategies LLC acquired a new position in Radware during the third quarter valued at $305,000. Granahan Investment Management Inc. MA raised its position in Radware by 4.2% during the third quarter. Granahan Investment Management Inc. MA now owns 128,028 shares of the information technology services provider’s stock valued at $2,159,000 after buying an additional 5,116 shares during the period. Finally, Jane Street Group LLC acquired a new position in Radware during the third quarter valued at $507,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

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About Radware

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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