Radware Ltd. (NASDAQ:RDWR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC decreased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 15.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,495 shares of the information technology services provider’s stock after selling 20,064 shares during the quarter. ARK Investment Management LLC owned about 0.26% of Radware worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of Radware by 2,346.9% during the second quarter. Millennium Management LLC now owns 380,689 shares of the information technology services provider’s stock worth $6,944,000 after purchasing an additional 365,131 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Radware during the 2nd quarter valued at about $4,453,000. Renaissance Technologies LLC lifted its position in Radware by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,749,823 shares of the information technology services provider’s stock worth $31,917,000 after acquiring an additional 193,689 shares in the last quarter. Acadian Asset Management LLC grew its position in Radware by 7.1% in the second quarter. Acadian Asset Management LLC now owns 1,732,954 shares of the information technology services provider’s stock valued at $31,577,000 after acquiring an additional 115,089 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in shares of Radware by 6.4% during the third 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 purchasing an additional 56,116 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Radware Trading Down 2.1 %

Shares of NASDAQ:RDWR opened at $21.79 on Friday. The firm has a market cap of $914.96 million, a PE ratio of -363.11 and a beta of 0.97. The company has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $20.29. Radware Ltd. has a 12-month low of $14.80 and a 12-month high of $24.34.

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.