Radware (NASDAQ:RDWR) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Radware Ltd. (NASDAQ:RDWR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.47 and traded as high as $22.75. Radware shares last traded at $22.31, with a volume of 119,365 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RDWR. Barclays lifted their target price on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC raised Radware to a “hold” rating in a research report on Friday, November 1st.

Radware Trading Up 0.2 %

The firm has a 50 day moving average of $22.93 and a 200-day moving average of $21.51. The company has a market cap of $939.01 million, a P/E ratio of -372.60 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Radware during the third quarter worth approximately $51,000. Point72 Asset Management L.P. purchased a new stake in Radware during the 2nd quarter valued at about $120,000. Van ECK Associates Corp increased its stake in shares of 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 acquiring an additional 1,291 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Radware in the second quarter worth about $169,000. Finally, MQS Management LLC acquired a new position in shares of Radware in the 2nd quarter valued at $234,000. 73.12% of the stock is owned by hedge funds and other institutional investors.

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.