Radware (NASDAQ:RDWR) Director Yair Tauman Sells 1,919 Shares of Company Stock

Radware Ltd. (NASDAQ:RDWR) Director Yair Tauman sold 1,919 shares of the stock in a transaction on Friday, October 30th. The shares were sold at an average price of $36.05, for a total value of $69,179.95. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $540,750. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Radware Stock Down 2.1%

RDWR stock traded down $0.71 during midday trading on Monday, reaching $33.87. The stock had a trading volume of 176,631 shares, compared to its average volume of 282,416. Radware Ltd. has a twelve month low of $21.68 and a twelve month high of $38.50. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 109.23 and a beta of 0.86. The business has a fifty day simple moving average of $29.80 and a two-hundred day simple moving average of $27.72.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $84.36 million for the quarter, compared to analyst estimates of $83.02 million. Radware had a net margin of 4.26% and a return on equity of 6.64%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of Radware in a research note on Wednesday. Finally, Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of Radware

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Radware in the second quarter valued at about $2,057,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after buying an additional 25,499 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Radware during the third quarter worth about $639,000. Rice Hall James & Associates LLC raised its position in Radware by 2.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after buying an additional 16,204 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Radware by 17.3% in the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock valued at $2,580,000 after buying an additional 14,464 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

About Radware

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.

Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.