Hennion & Walsh Asset Management Inc. Has $1.69 Million Position in Radware Ltd. $RDWR

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 87.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 54,630 shares of the information technology services provider’s stock after purchasing an additional 25,499 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.13% of Radware worth $1,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDWR. Robertson Stephens Wealth Management LLC bought a new stake in Radware during the 4th quarter worth about $709,000. Rice Hall James & Associates LLC raised its stake in shares of Radware by 3.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock worth $16,069,000 after acquiring an additional 21,928 shares during the last quarter. R Squared Ltd lifted its position in shares of Radware by 95.8% during the fourth quarter. R Squared Ltd now owns 17,855 shares of the information technology services provider’s stock worth $430,000 after purchasing an additional 8,734 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Radware by 1.1% during the first quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock worth $958,000 after purchasing an additional 402 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Radware by 27.9% during the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock valued at $142,000 after purchasing an additional 1,179 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Radware

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. Also, insider Rivkah Goldriech sold 1,375 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the transaction, the insider owned 60,741 shares in the company, valued at $1,791,859.50. This 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 owned by insiders.

Radware Stock Up 0.4%

Shares of RDWR opened at $28.58 on Wednesday. The stock’s fifty day simple moving average is $28.92 and its 200-day simple moving average is $27.13. The firm has a market capitalization of $1.20 billion, a PE ratio of 75.21 and a beta of 0.85. Radware Ltd. has a 12-month low of $21.68 and a 12-month high of $32.79.

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

Wall Street Analysts Forecast Growth

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

Radware 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.