Artisan Partners Limited Partnership Sells 56,200 Shares of Radware Ltd. (NASDAQ:RDWR)

Artisan Partners Limited Partnership decreased its holdings in Radware Ltd. (NASDAQ:RDWR) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,112,182 shares of the information technology services provider’s stock after selling 56,200 shares during the period. Artisan Partners Limited Partnership owned approximately 5.03% of Radware worth $47,587,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider’s stock valued at $350,000 after acquiring an additional 9,112 shares during the last quarter. State Street Corp grew its holdings in shares of Radware by 4.2% during the 3rd quarter. State Street Corp now owns 586,660 shares of the information technology services provider’s stock valued at $13,071,000 after purchasing an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. increased its position in Radware by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider’s stock worth $7,330,000 after purchasing an additional 42,617 shares in the last quarter. Ellsworth Advisors LLC bought a new position in Radware in the 4th quarter valued at approximately $632,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Radware by 127.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider’s stock valued at $2,844,000 after buying an additional 70,703 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Price Performance

Shares of NASDAQ RDWR opened at $21.98 on Friday. The company has a 50 day simple moving average of $22.53 and a 200 day simple moving average of $22.51. Radware Ltd. has a 1 year low of $16.12 and a 1 year high of $25.00. The firm has a market cap of $923.05 million, a PE ratio of 157.01 and a beta of 0.95.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 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%. As a group, research analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.