Radware (RDWR) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of Radware (NASDAQ:RDWR) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a buy rating and issued a $21.00 target price on shares of Radware in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Radware from a strong sell rating to a hold rating in a report on Wednesday, October 18th. Jefferies Group reissued a buy rating on shares of Radware in a report on Friday, October 6th. Dougherty & Co increased their target price on shares of Radware from $18.50 to $22.00 and gave the stock a buy rating in a report on Thursday, November 2nd. Finally, Barclays increased 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. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $20.83.

Radware (NASDAQ:RDWR) traded down $0.11 during mid-day trading on Wednesday, hitting $19.79. 312,700 shares of the stock were exchanged, compared to its average volume of 209,576. Radware has a 52-week low of $14.04 and a 52-week high of $20.78.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Radware by 8.3% in 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 buying an additional 535 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in Radware in the 2nd quarter valued at approximately $198,000. Magnetar Financial LLC bought a new position in Radware in the 3rd quarter valued at approximately $206,000. Aperio Group LLC bought a new position in Radware in the 2nd quarter valued at approximately $210,000. Finally, GSA Capital Partners LLP bought a new position in Radware in the 3rd quarter valued at approximately $234,000. Institutional investors and hedge funds 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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