Radware Ltd. (NASDAQ:RDWR) Shares Acquired by PDT Partners LLC

PDT Partners LLC increased its stake in Radware Ltd. (NASDAQ:RDWR) by 54.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 49,495 shares of the information technology services provider’s stock after acquiring an additional 17,409 shares during the period. PDT Partners LLC’s holdings in Radware were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Radware in the third quarter valued at $51,000. Point72 Asset Management L.P. acquired a new position in Radware during the 2nd quarter valued at about $120,000. Van ECK Associates Corp boosted its stake in Radware by 16.4% during the 2nd quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 1,291 shares during the period. Point72 DIFC Ltd bought a new position in Radware in the 2nd quarter worth about $169,000. Finally, MQS Management LLC bought a new stake in shares of Radware during the second quarter valued at approximately $234,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $23.76 on Monday. The stock has a market cap of $997.68 million, a price-to-earnings ratio of -395.93 and a beta of 0.97. Radware Ltd. has a 12 month low of $14.94 and a 12 month high of $24.60. The stock’s 50 day moving average price is $22.70 and its 200 day moving average price is $20.88.

Analysts Set New Price Targets

RDWR has been the subject of a number of recent analyst reports. Barclays increased their price objective on Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Needham & Company LLC raised shares of Radware to a “hold” rating in a report on Friday, November 1st.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.