Yelin Lapidot Holdings Management Ltd. Sells 42,933 Shares of Radware Ltd. $RDWR

Yelin Lapidot Holdings Management Ltd. reduced its position in Radware Ltd. (NASDAQ:RDWR) by 37.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,277 shares of the information technology services provider’s stock after selling 42,933 shares during the quarter. Yelin Lapidot Holdings Management Ltd. owned about 0.17% of Radware worth $1,741,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RDWR. Russell Investments Group Ltd. boosted its position in shares of Radware by 47.5% in the second quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock valued at $1,368,000 after acquiring an additional 14,980 shares during the period. Jump Financial LLC boosted its position in shares of Radware by 126.5% in the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock valued at $1,207,000 after acquiring an additional 22,898 shares during the period. Sei Investments Co. boosted its position in shares of Radware by 23.5% in the second quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock valued at $2,707,000 after acquiring an additional 17,501 shares during the period. California State Teachers Retirement System boosted its position in shares of Radware by 3.5% in the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after acquiring an additional 1,190 shares during the period. Finally, PDT Partners LLC boosted its position in shares of Radware by 27.1% in the second quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock valued at $1,852,000 after acquiring an additional 13,402 shares during the period. 73.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Radware Price Performance

Shares of Radware stock opened at $27.35 on Friday. Radware Ltd. has a 1 year low of $21.68 and a 1 year high of $31.57. The firm has a market cap of $1.15 billion, a PE ratio of 63.61 and a beta of 0.81. The company has a 50 day simple moving average of $26.05 and a two-hundred day simple moving average of $24.81.

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

Radware announced that its Board of Directors has authorized a share buyback program on Friday, February 13th that allows the company to repurchase $80.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Radware

In other Radware news, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, the chief operating officer directly owned 61,422 shares in the company, valued at $1,781,238. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.58% of the stock is currently owned by insiders.

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.