Rice Hall James & Associates LLC Sells 109,004 Shares of Radware Ltd. $RDWR

Rice Hall James & Associates LLC reduced its position in Radware Ltd. (NASDAQ:RDWR) by 14.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 645,131 shares of the information technology services provider’s stock after selling 109,004 shares during the period. Rice Hall James & Associates LLC’s holdings in Radware were worth $17,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RDWR. Penserra Capital Management LLC purchased a new stake in Radware in the 2nd quarter worth about $84,960,000. Artisan Partners Limited Partnership raised its holdings in shares of Radware by 26.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,698,680 shares of the information technology services provider’s stock valued at $79,449,000 after acquiring an additional 556,551 shares in the last quarter. Legal & General Group Plc lifted its position in Radware by 18.7% during the second quarter. Legal & General Group Plc now owns 2,831,851 shares of the information technology services provider’s stock valued at $83,370,000 after purchasing an additional 445,593 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Radware by 8.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,718,260 shares of the information technology services provider’s stock worth $37,154,000 after acquiring an additional 130,699 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Radware by 3.9% during the second quarter. Acadian Asset Management LLC now owns 1,715,089 shares of the information technology services provider’s stock worth $50,454,000 after purchasing an additional 64,298 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Stock Up 0.4%

NASDAQ:RDWR opened at $24.37 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 64.13 and a beta of 0.96. The company has a fifty day moving average of $23.90 and a 200 day moving average of $25.77. Radware Ltd. has a 52 week low of $18.46 and a 52 week high of $31.57.

Wall Street Analysts Forecast Growth

RDWR has been the subject of a number of recent research reports. Jefferies Financial Group set a $25.00 price objective on shares of Radware in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research note on Monday. Finally, Wall Street Zen lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.