Yelin Lapidot Holdings Management Ltd. Sells 42,933 Shares of Radware Ltd. $RDWR

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in Radware Ltd. (NASDAQ:RDWR) by 37.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,277 shares of the information technology services provider’s stock after selling 42,933 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Radware were worth $1,741,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 1,176 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Radware in the 3rd quarter worth approximately $212,000. Kestra Private Wealth Services LLC bought a new stake in shares of Radware in the 3rd quarter worth approximately $237,000. Aquatic Capital Management LLC bought a new stake in shares of Radware in the 3rd quarter worth approximately $290,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Radware by 5,996.7% in the 3rd quarter. Quantbot Technologies LP now owns 11,096 shares of the information technology services provider’s stock worth $294,000 after acquiring an additional 10,914 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.

Radware Stock Up 1.5%

Shares of NASDAQ RDWR opened at $27.35 on Friday. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $31.57. The firm’s fifty day moving average is $26.05 and its 200 day moving average is $24.81. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 63.61 and a beta of 0.81.

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

Radware declared that its Board of Directors has initiated a share buyback plan on Friday, February 13th that authorizes the company to buyback $80.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Radware in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Insider Transactions at Radware

In other Radware news, COO Gabriel Malka sold 3,111 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,781,238. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 21.58% of the company’s stock.

Radware 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.