Radware (NASDAQ:RDWR) Hits New 12-Month High – Should You Buy?

Shares of Radware Ltd. (NASDAQ:RDWR) hit a new 52-week high during trading on Monday . The stock traded as high as $24.76 and last traded at $24.60, with a volume of 263000 shares trading hands. The stock had previously closed at $23.76.

Analyst Ratings Changes

Several analysts recently commented on RDWR shares. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Needham & Company LLC raised shares of Radware to a “hold” rating in a research report on Friday, November 1st. Finally, Barclays increased their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Radware Stock Performance

The company’s 50-day moving average is $22.70 and its 200 day moving average is $20.89. The company has a market capitalization of $1.03 billion, a PE ratio of -394.27 and a beta of 0.97.

Institutional Trading of Radware

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in shares of Radware by 4.6% in the third quarter. Tidal Investments LLC now owns 26,541 shares of the information technology services provider’s stock worth $591,000 after acquiring an additional 1,173 shares during the period. Barclays PLC grew its stake in shares of Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after acquiring an additional 9,112 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Radware in the third quarter worth approximately $1,117,000. State Street Corp grew its stake in shares of Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock worth $13,071,000 after acquiring an additional 23,725 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Radware by 78.8% in the third quarter. Point72 Asset Management L.P. now owns 11,800 shares of the information technology services provider’s stock worth $263,000 after acquiring an additional 5,200 shares during the period. 73.12% of the stock is currently owned by institutional investors.

About Radware

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.