MQS Management LLC Reduces Holdings in Radware Ltd. (NASDAQ:RDWR)

MQS Management LLC decreased its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,054 shares of the information technology services provider’s stock after selling 1,767 shares during the period. MQS Management LLC’s holdings in Radware were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RDWR. nVerses Capital LLC bought a new stake in Radware during the 3rd quarter valued at approximately $51,000. BNP Paribas Financial Markets lifted its stake in shares of Radware by 239.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 4,539 shares during the period. Point72 Asset Management L.P. purchased a new stake in Radware in the second quarter worth $120,000. Van ECK Associates Corp raised its holdings in Radware by 16.4% in the second quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock worth $167,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Radware during the second quarter valued at $169,000. 73.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RDWR. Barclays upped their target price on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, Needham & Company LLC raised Radware to a “hold” rating in a research report on Friday, November 1st.

Radware Stock Down 1.9 %

RDWR opened at $23.47 on Friday. The stock has a 50-day moving average price of $22.15 and a 200-day moving average price of $20.45. Radware Ltd. has a 1 year low of $14.80 and a 1 year high of $24.34.

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.