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Hedge Funds Are Crazy About Radware Ltd. (RDWR)

As aggregate interest increased, key money managers have jumped into Radware Ltd. (NASDAQ:RDWR) headfirst. Highbridge Capital Management, led by Glenn Russell Dubin, established the most outsized position in Radware Ltd. (NASDAQ:RDWR). Highbridge Capital Management had $0.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $0.3 million investment in the stock during the quarter. The only other fund with a brand new RDWR position is Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Radware Ltd. (NASDAQ:RDWR) but similarly valued. We will take a look at Atara Biotherapeutics Inc (NASDAQ:ATRA), Cedar Realty Trust Inc (NYSE:CDR), Materion Corp (NYSE:MTRN), and Tredegar Corporation (NYSE:TG). This group of stocks’ market values match RDWR’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ATRA 7 210529 0
CDR 5 19220 -1
MTRN 10 39790 -4
TG 7 93977 -2

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $91 million. That figure was $167 million in RDWR’s case. Materion Corp (NYSE:MTRN) is the most popular stock in this table. On the other hand Cedar Realty Trust Inc (NYSE:CDR) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Radware Ltd. (NASDAQ:RDWR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None