Radware Ltd. (NASDAQ:RDWR) Position Trimmed by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. decreased its holdings in shares of Radware Ltd. (NASDAQ:RDWR) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,451 shares of the information technology services provider’s stock after selling 58,722 shares during the quarter. Radware makes up approximately 1.0% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 26th biggest holding. Yelin Lapidot Holdings Management Ltd.’s holdings in Radware were worth $5,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its holdings in shares of Radware by 247.3% during the third quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider’s stock valued at $2,557,000 after acquiring an additional 81,718 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Radware by 159.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider’s stock worth $13,091,000 after buying an additional 360,710 shares during the period. Barclays PLC grew its holdings in Radware by 137.4% in the 3rd quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock worth $350,000 after buying an additional 9,112 shares in the last quarter. State Street Corp increased its holdings in shares of Radware by 4.2% during 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 purchasing an additional 23,725 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Radware by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after purchasing an additional 42,617 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Stock Down 2.8 %

RDWR opened at $22.54 on Friday. The business has a fifty day simple moving average of $22.55 and a 200-day simple moving average of $22.46. The firm has a market cap of $946.57 million, a PE ratio of 161.01 and a beta of 0.96. Radware Ltd. has a fifty-two week low of $16.12 and a fifty-two week high of $25.00.

Radware (NASDAQ:RDWR) last released its earnings results 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 net margin of 2.20% and a return on equity of 3.81%. On average, equities research analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on RDWR. Barclays raised their target price on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Friday, February 14th.

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.