Radware Ltd. $RDWR Stake Reduced by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,360 shares of the information technology services provider’s stock after selling 27,392 shares during the period. Sei Investments Co. owned approximately 0.27% of Radware worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Radware by 28.9% in 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 acquiring an additional 588,064 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Radware by 28.7% in the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock worth $37,638,000 after buying an additional 348,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Radware by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider’s stock valued at $40,769,000 after buying an additional 24,363 shares in the last quarter. Rice Hall James & Associates LLC raised its position in Radware by 3.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock valued at $16,069,000 after buying an additional 21,928 shares during the period. Finally, State Street Corp raised its position in Radware by 1.8% during the fourth quarter. State Street Corp now owns 458,941 shares of the information technology services provider’s stock valued at $11,056,000 after buying an additional 8,199 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Radware currently has an average rating of “Reduce” and an average price target of $25.00.

Insider Activity

In other 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 transaction of $40,562.50. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Guy Avidan purchased 2,000 shares of Radware stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $25.21 per share, with a total value of $50,420.00. Following the completion of the acquisition, the chief financial officer owned 95,800 shares in the company, valued at $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 21.58% of the company’s stock.

Radware Stock Up 1.4%

Radware stock opened at $28.30 on Friday. The company’s fifty day simple moving average is $29.04 and its 200-day simple moving average is $27.04. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $32.79. The stock has a market cap of $1.19 billion, a P/E ratio of 74.48 and a beta of 0.85.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $82.28 million during the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.

Radware Profile

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.