Phoenix Financial Ltd. Sells 102,375 Shares of Radware Ltd. (NASDAQ:RDWR)

Phoenix Financial Ltd. trimmed its position in Radware Ltd. (NASDAQ:RDWR) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919,348 shares of the information technology services provider’s stock after selling 102,375 shares during the period. Phoenix Financial Ltd.’s holdings in Radware were worth $20,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of RDWR. Barclays PLC lifted its stake in shares of Radware by 137.4% during the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after acquiring an additional 9,112 shares during the last quarter. State Street Corp lifted its holdings in Radware by 4.2% in the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after acquiring an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Radware by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after purchasing an additional 42,617 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Radware by 127.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock valued at $2,844,000 after buying an additional 70,703 shares during the last quarter. Finally, Ellsworth Advisors LLC purchased a new position in shares of Radware during the fourth quarter worth about $632,000. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Performance

NASDAQ:RDWR opened at $20.54 on Thursday. The firm has a market cap of $862.58 million, a price-to-earnings ratio of 146.72 and a beta of 0.98. Radware Ltd. has a 52 week low of $16.12 and a 52 week high of $25.00. The firm’s 50-day simple moving average is $22.23 and its 200 day simple moving average is $22.48.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. Sell-side analysts anticipate that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RDWR shares. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group lowered their price objective on shares of Radware from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, March 31st.

Radware Company Profile

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.