Sei Investments Co. Sells 27,392 Shares of Radware Ltd. $RDWR

Sei Investments Co. lowered its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 19.3% in the first quarter, Holdings Channel reports. The institutional investor owned 114,360 shares of the information technology services provider’s stock after selling 27,392 shares during the period. Sei Investments Co.’s holdings in Radware were worth $3,010,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Radware by 48.8% in 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 period. Swiss National Bank boosted its position in shares of Radware by 3.0% during the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock valued at $1,832,000 after acquiring an additional 2,000 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in Radware in the first quarter valued at about $79,000. Pacer Advisors Inc. raised its position in Radware by 80.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,230 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 1,889 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Radware during the fourth quarter worth about $766,000. 73.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued 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 assigned a Sell rating to the company. According to data from MarketBeat, Radware has a consensus rating of “Reduce” and a consensus price target of $25.00.

Radware Price Performance

Shares of NASDAQ RDWR opened at $28.30 on Friday. Radware Ltd. has a fifty-two week low of $21.68 and a fifty-two week high of $32.79. The firm has a market capitalization of $1.19 billion, a P/E ratio of 74.48 and a beta of 0.85. The company’s 50 day simple moving average is $29.04 and its 200 day simple moving average is $27.04.

Radware (NASDAQ:RDWR) last released its quarterly earnings data 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 business had revenue of $82.28 million during the quarter.

Insider Activity at Radware

In other news, CFO Guy Avidan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $40,562.50. Following the completion of the sale, the insider directly owned 60,741 shares of the company’s stock, valued at $1,791,859.50. The trade was a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.58% of the stock is owned by company insiders.

Radware Company Profile

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.