Radware Ltd. (NASDAQ:RDWR) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. lowered its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the information technology services provider’s stock after selling 2,000 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.06% of Radware worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC lifted its stake in Radware by 7.0% in the second quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock valued at $2,436,000 after buying an additional 8,715 shares during the last quarter. Tidal Investments LLC bought a new stake in Radware in the first quarter valued at $494,000. California State Teachers Retirement System raised its stake in shares of Radware by 9.7% during the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 3,599 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Radware by 239.5% during the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 4,539 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Radware by 90.4% during the fourth quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock valued at $40,815,000 after purchasing an additional 1,161,535 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Stock Performance

Shares of Radware stock traded up $0.14 during trading on Thursday, hitting $21.81. 19,547 shares of the stock traded hands, compared to its average volume of 323,173. The stock has a market cap of $966.34 million, a P/E ratio of -47.61 and a beta of 0.98. Radware Ltd. has a twelve month low of $13.53 and a twelve month high of $23.05. The company has a fifty day moving average price of $19.85 and a two-hundred day moving average price of $18.93.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share for the quarter. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. The firm had revenue of $67.28 million during the quarter, compared to analyst estimates of $66.10 million. On average, equities research analysts expect that Radware Ltd. will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RDWR. Barclays lifted their price objective on shares of Radware from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Wednesday, July 31st. Finally, StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.