Radware (NASDAQ:RDWR) Shares Pass Above 200-Day Moving Average – Here’s Why

Radware Ltd. (NASDAQ:RDWR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.28 and traded as high as $31.04. Radware shares last traded at $30.49, with a volume of 165,379 shares traded.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RDWR shares. Wall Street Zen raised Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Thursday, May 7th. One equities research analyst has 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 company presently has an average rating of “Hold” and a consensus price target of $30.00.

Radware Stock Performance

The stock has a market cap of $1.28 billion, a PE ratio of 70.91 and a beta of 0.84. The company’s 50-day moving average price is $28.55 and its 200 day moving average price is $26.28.

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

Insider Activity

In other Radware news, insider Rivkah Goldriech sold 1,375 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the transaction, the insider owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Gabriel Malka sold 3,111 shares of Radware stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the sale, the chief operating officer owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.58% of the stock is currently owned by insiders.

Institutional Trading of Radware

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of Radware by 3,178.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after buying an additional 1,176 shares during the period. Parallel Advisors LLC raised its holdings in shares of Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 374 shares during the period. Simplex Trading LLC lifted its stake in Radware by 51.4% during the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Radware by 47.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 550 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Radware during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

About Radware

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.