First Trust Advisors LP Sells 541,726 Shares of Radware Ltd. $RDWR

First Trust Advisors LP trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 34.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,020,670 shares of the information technology services provider’s stock after selling 541,726 shares during the period. First Trust Advisors LP’s holdings in Radware were worth $26,864,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley lifted its position in Radware by 28.9% during the fourth 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 period. Defiance ETFs LLC bought a new position in shares of Radware in the 4th quarter worth about $9,152,000. Deutsche Bank AG lifted its position 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 valued at $7,287,000 after acquiring an additional 272,481 shares during the period. Man Group plc lifted its position in Radware by 59.5% during the 3rd quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock valued at $11,445,000 after acquiring an additional 161,159 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Radware by 95.9% during the third quarter. Qube Research & Technologies Ltd now owns 253,044 shares of the information technology services provider’s stock worth $6,703,000 after acquiring an additional 123,854 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.

Insider Activity at Radware

In related news, COO Gabriel Malka sold 3,111 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $29.00, for a total value of $90,219.00. Following the transaction, the chief operating officer directly owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. This represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value of $40,562.50. Following the transaction, the insider directly owned 60,741 shares in the company, valued at approximately $1,791,859.50. The trade was a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 5,236 shares of company stock worth $154,782. Insiders own 21.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Radware Price Performance

RDWR opened at $28.21 on Wednesday. The firm has a market cap of $1.19 billion, a PE ratio of 65.61 and a beta of 0.84. The stock has a 50-day moving average price of $29.44 and a 200-day moving average price of $26.91. Radware Ltd. has a 1 year low of $21.68 and a 1 year high of $32.79.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data 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 company had revenue of $79.81 million for the quarter.

Radware Company 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.