New York State Common Retirement Fund Boosts Stock Position in Radware Ltd. $RDWR

New York State Common Retirement Fund increased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 27.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,362 shares of the information technology services provider’s stock after buying an additional 58,730 shares during the period. New York State Common Retirement Fund owned about 0.64% of Radware worth $7,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Radware by 200.9% during the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 1,563 shares during the period. Vident Advisory LLC acquired a new position in shares of Radware during the 2nd quarter worth about $485,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Radware by 36.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,618 shares of the information technology services provider’s stock valued at $519,000 after buying an additional 4,677 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in Radware by 172.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the information technology services provider’s stock valued at $530,000 after buying an additional 11,400 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Radware by 49.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,569 shares of the information technology services provider’s stock worth $651,000 after buying an additional 8,080 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Stock Performance

Shares of Radware stock opened at $24.43 on Thursday. The business’s 50 day moving average price is $24.07 and its 200 day moving average price is $24.96. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 64.29 and a beta of 0.95. Radware Ltd. has a one year low of $18.46 and a one year high of $31.57.

Analysts Set New Price Targets

RDWR has been the subject of a number of research analyst reports. Wall Street Zen cut Radware from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Jefferies Financial Group set a $25.00 price objective on Radware in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.00.

Radware Company Profile

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.