Radware (NASDAQ:RDWR) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Radware Ltd. (NASDAQ:RDWR) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.69 and traded as high as $30.95. Radware shares last traded at $30.42, with a volume of 195,389 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RDWR. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Radware currently has a consensus rating of “Hold” and an average price target of $30.00.

Radware Price Performance

The business has a 50 day moving average price of $29.23 and a 200 day moving average price of $26.69. The stock has a market capitalization of $1.28 billion, a PE ratio of 70.75 and a beta of 0.84.

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

Insider Transactions at Radware

In other Radware news, 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 value of $90,219.00. Following the completion of the transaction, the chief operating officer directly owned 61,422 shares of the company’s stock, valued at approximately $1,781,238. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rivkah Goldriech sold 1,375 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was 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 in the company, valued at approximately $1,791,859.50. This represents a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 5,236 shares of company stock valued at $154,782. 21.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley raised its position in Radware by 28.9% in the 4th quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock worth $63,108,000 after buying an additional 588,064 shares during the last quarter. Defiance ETFs LLC purchased a new stake in shares of Radware during the 4th quarter valued at about $9,152,000. First Trust Advisors LP grew its stake in shares of Radware by 28.7% in the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock worth $37,638,000 after acquiring an additional 348,824 shares during the period. Deutsche Bank AG grew its stake in shares of Radware by 908.4% in the fourth quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider’s stock worth $7,287,000 after acquiring an additional 272,481 shares during the period. Finally, Man Group plc raised its holdings in shares of Radware by 59.5% during the third quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock valued at $11,445,000 after purchasing an additional 161,159 shares during the last quarter. 73.12% of the stock is owned by institutional investors.

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.