Radware (NASDAQ:RDWR) CFO Guy Avidan Buys 2,000 Shares of Stock

Radware Ltd. (NASDAQ:RDWR) CFO Guy Avidan purchased 2,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the purchase, the chief financial officer directly owned 95,800 shares of the company’s stock, valued at approximately $2,415,118. This trade represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Radware Stock Up 4.8%

Radware stock opened at $27.46 on Tuesday. The business has a 50 day moving average price of $29.14 and a two-hundred day moving average price of $26.95. 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 $1.16 billion, a price-to-earnings ratio of 72.27 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 for the quarter. The company had revenue of $82.28 million for the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.

Hedge Funds Weigh In On Radware

A number of hedge funds have recently modified their holdings of RDWR. Russell Investments Group Ltd. boosted its stake in Radware by 47.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock valued at $1,368,000 after buying an additional 14,980 shares in the last quarter. Jump Financial LLC raised its stake in Radware by 126.5% during the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock worth $1,207,000 after acquiring an additional 22,898 shares in the last quarter. Sei Investments Co. raised its stake in Radware by 23.5% during the second quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock worth $2,707,000 after acquiring an additional 17,501 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Radware by 3.5% during 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 stake in shares of Radware by 27.1% in the 2nd quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock valued at $1,852,000 after purchasing an additional 13,402 shares in the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.