State Street Corp Purchases 23,725 Shares of Radware Ltd. (NASDAQ:RDWR)

State Street Corp increased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 586,660 shares of the information technology services provider’s stock after acquiring an additional 23,725 shares during the quarter. State Street Corp’s holdings in Radware were worth $13,071,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. grew its position in shares of Radware by 78.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock valued at $263,000 after purchasing an additional 5,200 shares during the period. PDT Partners LLC boosted its position in shares of Radware by 54.3% during the third quarter. PDT Partners LLC now owns 49,495 shares of the information technology services provider’s stock worth $1,103,000 after buying an additional 17,409 shares during the period. Verition Fund Management LLC grew its holdings in shares of Radware by 3.0% during the third quarter. Verition Fund Management LLC now owns 16,084 shares of the information technology services provider’s stock worth $358,000 after buying an additional 468 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Radware in the 3rd quarter valued at approximately $366,000. Finally, BNP Paribas Financial Markets lifted its stake in Radware by 184.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,781 shares of the information technology services provider’s stock valued at $485,000 after acquiring an additional 14,130 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RDWR shares. Barclays raised their price objective on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Needham & Company LLC upgraded shares of Radware to a “hold” rating in a research note on Friday, November 1st.

Radware Stock Performance

Shares of RDWR stock opened at $22.91 on Thursday. The company has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $21.30. The company has a market capitalization of $962.11 million, a price-to-earnings ratio of -381.77 and a beta of 0.97. Radware Ltd. has a 52 week low of $15.71 and a 52 week high of $24.76.

Radware 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.