Radware (NASDAQ:RDWR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Radware Ltd. (NASDAQ:RDWR) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.40 and traded as high as $31.24. Radware shares last traded at $29.64, with a volume of 188,904 shares changing hands.

Analysts Set New Price Targets

RDWR has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

Radware Price Performance

The stock’s 50 day simple moving average is $29.00 and its two-hundred day simple moving average is $28.41. The stock has a market capitalization of $1.21 billion, a PE ratio of 75.58 and a beta of 0.86.

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

Insiders Place Their Bets

In related news, CFO Guy Avidan acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $25.21 per share, with a total value of $50,420.00. Following the acquisition, the chief financial officer owned 95,800 shares of the company’s stock, valued at approximately $2,415,118. This trade represents a 2.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Gabriel Malka sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $195,000.00. Following the sale, the chief operating officer owned 47,922 shares in the company, valued at approximately $1,437,660. This represents a 11.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.58% of the company’s stock.

Institutional Trading of Radware

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC grew its position in Radware by 2.4% during the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after acquiring an additional 16,204 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Radware by 17.3% during the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock valued at $2,580,000 after buying an additional 14,464 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Radware during the 2nd quarter valued at $2,057,000. Swiss National Bank increased its position in shares of Radware by 3.0% in the first 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 during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Radware by 87.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after acquiring an additional 25,499 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

About Radware

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and data from cyber threats while maintaining the availability, performance and reliability of business-critical services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.

Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.