Radware (RDWR) PT Set at $30.00 by Oppenheimer

Radware (NASDAQ:RDWR) received a $30.00 price objective from research analysts at Oppenheimer in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 23.41% from the company’s current price.

RDWR has been the topic of a number of other research reports. BidaskClub raised shares of Radware from a “sell” rating to a “hold” rating in a report on Saturday, September 29th. Zacks Investment Research raised shares of Radware from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Saturday, August 4th. Finally, Barclays reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Radware in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.40.

Shares of RDWR stock traded up $0.64 during trading hours on Wednesday, reaching $24.31. The stock had a trading volume of 289,932 shares, compared to its average volume of 178,200. Radware has a twelve month low of $18.00 and a twelve month high of $28.50. The stock has a market cap of $1.04 billion, a PE ratio of -202.58, a price-to-earnings-growth ratio of 8.48 and a beta of 1.09.

A number of institutional investors have recently added to or reduced their stakes in RDWR. BlackRock Inc. increased its stake in Radware by 24.0% during the 1st quarter. BlackRock Inc. now owns 505,806 shares of the information technology services provider’s stock valued at $10,799,000 after buying an additional 97,844 shares during the period. California State Teachers Retirement System acquired a new position in Radware during the 1st quarter valued at about $928,000. Millennium Management LLC increased its stake in Radware by 6.0% during the 1st quarter. Millennium Management LLC now owns 375,509 shares of the information technology services provider’s stock valued at $8,017,000 after buying an additional 21,202 shares during the period. Acadian Asset Management LLC increased its stake in Radware by 99.5% during the 2nd quarter. Acadian Asset Management LLC now owns 702,193 shares of the information technology services provider’s stock valued at $17,752,000 after buying an additional 350,203 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in Radware during the 2nd quarter valued at about $385,000. 63.23% of the stock is currently owned by hedge funds and other institutional investors.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

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