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

Radware Ltd. (NASDAQ:RDWRGet Free Report) CFO Guy Avidan bought 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $25.21 per share, with a total value of $50,420.00. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Radware Stock Down 0.8%

NASDAQ RDWR opened at $28.51 on Thursday. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $32.79. The firm has a market capitalization of $1.20 billion, a P/E ratio of 75.03 and a beta of 0.85. The company has a 50-day moving average price of $29.11 and a 200-day moving average price of $27.01.

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

Hedge Funds Weigh In On Radware

Institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings 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 buying an additional 588,064 shares during the last quarter. Defiance ETFs LLC acquired a new position in shares of Radware in the fourth quarter worth about $9,152,000. First Trust Advisors LP increased its position in shares of Radware by 28.7% in the fourth 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 buying an additional 348,824 shares in the last quarter. Deutsche Bank AG raised its position in Radware by 908.4% during the fourth quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after acquiring an additional 272,481 shares during the period. Finally, Man Group plc increased its stake in shares of Radware by 59.5% during the third quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock worth $11,445,000 after purchasing an additional 161,159 shares in the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Radware

Radware Company Profile

(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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