Radware (NASDAQ:RDWR) CFO Acquires $50,420.00 in Stock

Radware Ltd. (NASDAQ:RDWR) CFO Guy Avidan purchased 2,000 shares of Radware stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the acquisition, the chief financial officer owned 95,800 shares in the company, valued at $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 through this hyperlink.

Radware Stock Performance

Shares of RDWR stock opened at $26.19 on Monday. Radware Ltd. has a fifty-two week low of $21.68 and a fifty-two week high of $32.79. The firm has a market cap of $1.10 billion, a P/E ratio of 68.92 and a beta of 0.85. The business’s 50 day moving average price is $29.19 and its 200-day moving average price is $26.92.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RDWR. Morgan Stanley grew its stake in shares of Radware by 28.9% in the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock worth $63,108,000 after acquiring an additional 588,064 shares during the period. Defiance ETFs LLC bought a new position in Radware in the fourth quarter valued at about $9,152,000. First Trust Advisors LP grew its stake in shares of Radware by 28.7% during the 4th quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock valued at $37,638,000 after purchasing an additional 348,824 shares during the period. Deutsche Bank AG lifted its stake in shares of Radware by 908.4% in the 4th quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after purchasing an additional 272,481 shares during the period. Finally, Man Group plc increased its holdings in Radware by 59.5% during the third quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock valued at $11,445,000 after buying an additional 161,159 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Radware Company Profile

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.