Radware (NASDAQ:RDWR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Radware Ltd. (NASDAQ:RDWRGet Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.69 and traded as high as $30.95. Radware shares last traded at $30.42, with a volume of 195,389 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on RDWR. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Thursday, May 7th. One research 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. Based on data from MarketBeat.com, Radware has an average rating of “Hold” and an average target price of $30.00.

Check Out Our Latest Report on RDWR

Radware Stock Performance

The stock has a market cap of $1.24 billion, a PE ratio of 68.54 and a beta of 0.84. The stock has a fifty day moving average price of $29.30 and a 200 day moving average price of $26.73.

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

Insider Buying and Selling at Radware

In related news, COO Gabriel Malka sold 3,111 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the transaction, the chief operating officer directly owned 61,422 shares in the company, valued at approximately $1,781,238. This represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rivkah Goldriech sold 1,375 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the sale, the insider directly owned 60,741 shares in the company, valued at $1,791,859.50. This trade represents a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,236 shares of company stock worth $154,782. Insiders own 21.58% of the company’s stock.

Institutional Investors Weigh In On Radware

Hedge funds and other institutional investors have recently modified their holdings of the business. Handelsbanken Fonder AB boosted its holdings in Radware by 3.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider’s stock valued at $602,000 after acquiring an additional 700 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Radware by 87.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock worth $1,686,000 after purchasing an additional 25,499 shares during the period. Pacer Advisors Inc. increased its stake in Radware by 27.9% in the first quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider’s stock worth $142,000 after purchasing an additional 1,179 shares during the period. Parallel Advisors LLC lifted its position in shares of Radware by 48.8% during the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 374 shares during the last quarter. Finally, 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 during the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

About Radware

(Get Free Report)

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.

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