Rice Hall James & Associates LLC Raises Holdings in Radware Ltd. $RDWR

Rice Hall James & Associates LLC grew its position in shares of Radware Ltd. (NASDAQ:RDWR) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 667,059 shares of the information technology services provider’s stock after buying an additional 21,928 shares during the period. Rice Hall James & Associates LLC owned 1.56% of Radware worth $16,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RDWR. Morgan Stanley lifted its position in shares of Radware by 28.9% during the 4th quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock valued at $63,108,000 after buying an additional 588,064 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Radware by 16.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,130,252 shares of the information technology services provider’s stock valued at $82,920,000 after buying an additional 431,572 shares during the last quarter. First Trust Advisors LP lifted its holdings in Radware by 28.7% during the 4th quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock worth $37,638,000 after purchasing an additional 348,824 shares in the last quarter. Deutsche Bank AG lifted its holdings in Radware by 908.4% during the 4th quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after purchasing an additional 272,481 shares in the last quarter. Finally, Man Group plc boosted its stake in Radware by 59.5% in the 3rd quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock worth $11,445,000 after purchasing an additional 161,159 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Insider Activity

In other Radware news, insider Rivkah Goldriech sold 1,375 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $29.00, for a total value of $90,219.00. Following the completion of the sale, the chief operating officer directly owned 61,422 shares in the company, valued at approximately $1,781,238. The trade was a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 21.58% of the company’s stock.

Analysts Set New Price Targets

RDWR has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.00.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $28.49 on Tuesday. The firm has a fifty day moving average price of $27.58 and a two-hundred day moving average price of $25.66. Radware Ltd. has a one year low of $21.68 and a one year high of $31.92. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 66.26 and a beta of 0.85.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 EPS for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%. The firm had revenue of $79.81 million during the quarter.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.