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

Hennion & Walsh Asset Management Inc. grew its stake in shares of Radware Ltd. (NASDAQ:RDWRFree Report) by 87.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,630 shares of the information technology services provider’s stock after buying an additional 25,499 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Radware were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RDWR. Parallel Advisors LLC increased its stake in shares of Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 374 shares during the last quarter. California State Teachers Retirement System boosted its stake in Radware by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock worth $958,000 after acquiring an additional 402 shares during the last quarter. Simplex Trading LLC boosted its stake in Radware by 51.4% during the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 524 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Radware by 4.5% during the third quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 527 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 550 shares during the period. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Thursday, May 7th. One research 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 currently has an average rating of “Reduce” and a consensus price target of $25.00.

Get Our Latest Report on Radware

Radware Trading Up 0.4%

NASDAQ:RDWR opened at $28.58 on Wednesday. Radware Ltd. has a 1 year low of $21.68 and a 1 year high of $32.79. The stock has a 50-day moving average price of $28.92 and a two-hundred day moving average price of $27.13. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 75.21 and a beta of 0.85.

Radware (NASDAQ:RDWRGet Free Report) last released its quarterly 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.

Insider Buying and Selling

In other news, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guy Avidan acquired 2,000 shares of the stock in a transaction dated Friday, July 31st. The shares were 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 directly owned 95,800 shares of the company’s stock, valued at $2,415,118. This represents a 2.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 21.58% of the stock is currently owned by corporate insiders.

About Radware

(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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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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