Radware Ltd. (NASDAQ:RDWR) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in Radware Ltd. (NASDAQ:RDWR) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,451 shares of the information technology services provider’s stock after selling 58,722 shares during the period. Radware accounts for about 1.0% of Yelin Lapidot Holdings Management Ltd.’s investment portfolio, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd. owned about 0.59% of Radware worth $5,620,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Rice Hall James & Associates LLC grew its holdings in shares of Radware by 6.4% during the third quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider’s stock worth $20,757,000 after buying an additional 56,116 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Radware by 159.0% during the 3rd 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 purchasing an additional 360,710 shares during the period. State Street Corp boosted 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 worth $13,071,000 after purchasing an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Radware by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock valued at $7,330,000 after acquiring an additional 42,617 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Radware by 127.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock worth $2,844,000 after acquiring an additional 70,703 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Down 2.8 %

RDWR opened at $22.54 on Friday. The firm’s 50 day moving average is $22.55 and its 200-day moving average is $22.46. Radware Ltd. has a 52-week low of $16.12 and a 52-week high of $25.00. The firm has a market capitalization of $946.57 million, a P/E ratio of 161.01 and a beta of 0.96.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. Equities analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RDWR shares. Barclays lifted their target price on Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, February 14th.

About Radware

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.