Radware (NASDAQ:RDWR) Shares Pass Above 200-Day Moving Average – Time to Sell?

Radware Ltd. (NASDAQ:RDWR) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.86 and traded as high as $28.68. Radware shares last traded at $28.17, with a volume of 145,995 shares.

Analysts Set New Price Targets

RDWR has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a report on Friday, March 27th. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Radware from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Radware Stock Performance

The stock has a 50-day moving average price of $27.79 and a two-hundred day moving average price of $25.89. The stock has a market capitalization of $1.18 billion, a PE ratio of 65.44 and a beta of 0.85.

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

Insider Buying and Selling at Radware

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Radware by 47.5% in the second quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock worth $1,368,000 after purchasing an additional 14,980 shares during the last quarter. Jump Financial LLC boosted its stake in Radware by 126.5% during the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock valued at $1,207,000 after buying an additional 22,898 shares during the last quarter. Sei Investments Co. grew its holdings in Radware by 23.5% during the 2nd quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock valued at $2,707,000 after buying an additional 17,501 shares in the last quarter. California State Teachers Retirement System grew its holdings in Radware by 3.5% during the 2nd quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after buying an additional 1,190 shares in the last quarter. Finally, PDT Partners LLC increased its stake in Radware by 27.1% in the 2nd quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock worth $1,852,000 after acquiring an additional 13,402 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Company Profile

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.