Radware (NASDAQ:RDWR) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Radware Ltd. (NASDAQ:RDWR) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.29 and traded as high as $28.43. Radware shares last traded at $27.05, with a volume of 402,662 shares changing hands.

Analysts Set New Price Targets

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

Radware Trading Up 3.2%

The company has a market capitalization of $1.17 billion, a P/E ratio of 73.29 and a beta of 0.85. The business’s fifty day moving average price is $28.88 and its 200 day moving average price is $27.31.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 EPS for the quarter. The company had revenue of $82.28 million for the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%.

Insider Activity

In other Radware news, CFO Guy Avidan purchased 2,000 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the transaction, the chief financial officer directly owned 95,800 shares in the company, valued at $2,415,118. This represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.58% of the company’s stock.

Institutional Trading of Radware

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in Radware by 3,178.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 1,176 shares during the period. Parallel Advisors LLC raised its stake in Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after buying an additional 374 shares during the period. Simplex Trading LLC grew its stake in Radware by 51.4% in the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 524 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Radware by 47.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 550 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Radware during the 4th quarter valued at about $49,000. 73.12% of the stock is owned by institutional investors.

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.