Radware Ltd. (NASDAQ:RDWR) Stock Holdings Lowered by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its position in Radware Ltd. (NASDAQ:RDWRGet Rating) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,135,371 shares of the information technology services provider’s stock after selling 496,769 shares during the period. Artisan Partners Limited Partnership owned approximately 6.93% of Radware worth $67,943,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its position in Radware by 53.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 419 shares during the period. US Bancorp DE grew its position in Radware by 9.7% in the 2nd quarter. US Bancorp DE now owns 9,172 shares of the information technology services provider’s stock valued at $198,000 after buying an additional 813 shares in the last quarter. OLD Mission Capital LLC bought a new position in Radware in the 2nd quarter valued at about $252,000. MQS Management LLC bought a new stake in shares of Radware during the 2nd quarter worth about $276,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Radware during the 1st quarter worth about $288,000. 73.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on RDWR. StockNews.com upgraded shares of Radware from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Monday, August 8th. Finally, Jefferies Financial Group lowered Radware from a “buy” rating to a “hold” rating and cut their price objective for the company from $31.00 to $22.00 in a report on Thursday, November 3rd.

Radware Price Performance

NASDAQ RDWR opened at $20.90 on Thursday. Radware Ltd. has a 12 month low of $17.42 and a 12 month high of $42.19. The company has a market capitalization of $945.73 million, a P/E ratio of -522.50, a PEG ratio of 157.77 and a beta of 0.99. The company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $22.39.

Radware Profile

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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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