Artisan Partners Limited Partnership Has $47.59 Million Position in Radware Ltd. (NASDAQ:RDWR)

Artisan Partners Limited Partnership cut its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,112,182 shares of the information technology services provider’s stock after selling 56,200 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.05% of Radware worth $47,587,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RDWR. Plato Investment Management Ltd acquired a new stake in Radware in the fourth quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new stake in Radware in the 4th quarter valued at $59,000. R Squared Ltd bought a new stake in Radware during the 4th quarter valued at $62,000. KLP Kapitalforvaltning AS acquired a new position in Radware during the fourth quarter worth $149,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Radware in the fourth quarter valued at $214,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, February 14th.

Radware Price Performance

RDWR opened at $21.98 on Friday. Radware Ltd. has a fifty-two week low of $16.12 and a fifty-two week high of $25.00. The firm has a market capitalization of $923.05 million, a P/E ratio of 157.01 and a beta of 0.95. The company’s 50-day moving average is $22.53 and its 200 day moving average is $22.51.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. On average, equities research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current year.

Radware Company Profile

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.