Radware (NASDAQ:RDWR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Radware Ltd. (NASDAQ:RDWR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.26 and traded as high as $23.40. Radware shares last traded at $23.23, with a volume of 113,978 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RDWR. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research report on Friday, January 17th. 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 Trading Up 0.8 %

The firm has a market cap of $975.54 million, a price-to-earnings ratio of -387.10 and a beta of 0.96. The stock has a fifty day moving average price of $22.49 and a 200 day moving average price of $22.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new stake in Radware in the 3rd quarter valued at approximately $51,000. Rice Hall James & Associates LLC grew its holdings in Radware by 6.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock valued at $20,757,000 after buying an additional 56,116 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Radware by 162.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 55,513 shares of the information technology services provider’s stock valued at $1,237,000 after buying an additional 34,332 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Radware by 247.3% in the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after buying an additional 81,718 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in Radware by 9.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 94,770 shares of the information technology services provider’s stock valued at $2,111,000 after buying an additional 8,288 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

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.