Radware Ltd. (NASDAQ:RDWR) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 509,994 shares, a decrease of 35.3% from the October 31st total of 788,628 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 262,560 shares, the days-to-cover ratio is presently 1.9 days.
A number of equities research analysts have recently issued reports on RDWR shares. Jefferies Group reaffirmed a “buy” rating on shares of Radware in a report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of Radware in a report on Tuesday, September 12th. Dougherty & Co upped their price target on shares of Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Radware from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Radware has a consensus rating of “Buy” and an average target price of $20.83.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Radware by 373.8% in the 1st quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock valued at $896,000 after buying an additional 43,773 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Radware by 122.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock worth $1,622,000 after purchasing an additional 50,955 shares in the last quarter. Swiss National Bank grew its position in shares of Radware by 11.8% during the 2nd quarter. Swiss National Bank now owns 72,800 shares of the information technology services provider’s stock worth $1,277,000 after purchasing an additional 7,700 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in shares of Radware during the 2nd quarter worth approximately $1,909,000. Finally, ETF Managers Group LLC acquired a new position in shares of Radware during the 2nd quarter worth approximately $40,097,000. Institutional investors and hedge funds own 61.66% of the company’s stock.
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.
What are top analysts saying about Radware Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Radware Ltd. and related companies.