Ellsworth Advisors LLC Makes New $632,000 Investment in Radware Ltd. (NASDAQ:RDWR)

Ellsworth Advisors LLC purchased a new position in Radware Ltd. (NASDAQ:RDWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,052 shares of the information technology services provider’s stock, valued at approximately $632,000. Ellsworth Advisors LLC owned 0.07% of Radware at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RDWR. XTX Topco Ltd purchased a new position in shares of Radware in the second quarter worth $314,000. Magnetar Financial LLC purchased a new position in shares of Radware in the second quarter worth $282,000. Marshall Wace LLP purchased a new position in shares of Radware in the second quarter worth $561,000. Point72 DIFC Ltd purchased a new position in shares of Radware in the second quarter worth $169,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Radware in the second quarter worth $4,453,000. 73.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Radware Stock Up 0.4 %

Radware stock opened at $21.83 on Tuesday. The company has a market cap of $916.75 million, a price-to-earnings ratio of -363.77 and a beta of 0.97. The firm’s fifty day moving average is $22.81 and its 200 day moving average is $21.83. Radware Ltd. has a 52-week low of $16.12 and a 52-week high of $24.76.

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.