Radware Ltd. (RDWR) Price Target Increased to $22.00 by Analysts at Dougherty & Co

Radware Ltd. (NASDAQ:RDWR) had its price target hoisted by Dougherty & Co from $18.50 to $22.00 in a report released on Thursday morning, MarketBeat Ratings reports. Dougherty & Co currently has a buy rating on the information technology services provider’s stock.

Several other research firms also recently weighed in on RDWR. Imperial Capital reissued an outperform rating and issued a $21.00 price objective (up from $20.00) on shares of Radware in a report on Thursday, August 10th. BidaskClub raised Radware from a sell rating to a hold rating in a report on Thursday, August 10th. Zacks Investment Research raised Radware from a strong sell rating to a hold rating in a report on Wednesday, October 18th. Needham & Company LLC reissued a buy rating and issued a $21.00 price objective (up from $19.00) on shares of Radware in a report on Thursday, August 3rd. Finally, Barclays PLC increased their price objective on Radware from $19.00 to $22.00 and gave the company an overweight rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Radware has a consensus rating of Buy and an average target price of $20.14.

Radware (NASDAQ RDWR) traded up $0.14 during trading on Thursday, hitting $19.59. The stock had a trading volume of 159,313 shares, compared to its average volume of 164,142.

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Several institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new stake in shares of Radware during the second quarter worth approximately $40,097,000. Ion Asset Management Ltd. raised its position in Radware by 18.7% in the second quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock worth $30,753,000 after acquiring an additional 276,780 shares in the last quarter. Nuveen Asset Management LLC raised its position in Radware by 5.3% in the first quarter. Nuveen Asset Management LLC now owns 794,456 shares of the information technology services provider’s stock worth $12,838,000 after acquiring an additional 40,114 shares in the last quarter. Renaissance Technologies LLC raised its position in Radware by 66.2% in the first quarter. Renaissance Technologies LLC now owns 480,897 shares of the information technology services provider’s stock worth $7,771,000 after acquiring an additional 191,597 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in Radware by 2.6% in the second quarter. Hood River Capital Management LLC now owns 441,353 shares of the information technology services provider’s stock worth $7,741,000 after acquiring an additional 11,192 shares in the last quarter. Institutional investors and hedge funds own 60.85% of the company’s stock.

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.

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