JPMorgan Chase & Co. Purchases 42,617 Shares of Radware Ltd. (NASDAQ:RDWR)

JPMorgan Chase & Co. boosted its position in shares of Radware Ltd. (NASDAQ:RDWR) by 14.9% in the third quarter, HoldingsChannel reports. The fund owned 328,979 shares of the information technology services provider’s stock after purchasing an additional 42,617 shares during the quarter. JPMorgan Chase & Co.’s holdings in Radware were worth $7,330,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Radware by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock worth $31,917,000 after purchasing an additional 193,689 shares in the last quarter. XTX Topco Ltd purchased a new stake in Radware in the second quarter valued at about $314,000. MQS Management LLC acquired a new stake in Radware in the second quarter worth about $234,000. Magnetar Financial LLC purchased a new stake in shares of Radware during the second quarter worth about $282,000. Finally, Marshall Wace LLP purchased a new stake in shares of Radware during the second quarter worth about $561,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Stock Performance

NASDAQ:RDWR opened at $21.13 on Wednesday. Radware Ltd. has a one year low of $16.12 and a one year high of $24.76. The stock has a market cap of $887.35 million, a PE ratio of -352.11 and a beta of 0.97. The stock has a 50 day moving average price of $22.83 and a 200 day moving average price of $21.74.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RDWR shares. Needham & Company LLC upgraded Radware to a “hold” rating in a research note on Friday, November 1st. Barclays increased 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.

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.