Radware (NASDAQ:RDWR) Shares Pass Above 200-Day Moving Average – Here’s Why

Radware Ltd. (NASDAQ:RDWR) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.28 and traded as high as $31.04. Radware shares last traded at $30.49, with a volume of 165,379 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RDWR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radware Trading Up 0.6%

The firm has a market cap of $1.28 billion, a PE ratio of 70.91 and a beta of 0.84. The firm has a 50 day moving average price of $28.55 and a 200-day moving average price of $26.28.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%. The firm had revenue of $79.81 million for the quarter.

Insiders Place Their Bets

In other Radware news, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction 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 sale, the chief operating officer directly owned 61,422 shares in the company, valued at $1,781,238. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total value of $40,562.50. Following the sale, the insider directly owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RDWR. Pacer Advisors Inc. raised its position in shares of Radware by 27.9% during the 1st quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock worth $142,000 after acquiring an additional 1,179 shares in the last quarter. Parallel Advisors LLC increased its stake in Radware by 48.8% in the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 374 shares during the last quarter. California State Teachers Retirement System increased its stake in Radware by 1.1% in the first quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock valued at $958,000 after purchasing an additional 402 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Radware by 17.3% during the first quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock worth $2,580,000 after purchasing an additional 14,464 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its holdings in Radware by 2.4% during the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock worth $17,983,000 after purchasing an additional 16,204 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

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.