Public Employees Retirement System of Ohio Acquires Shares of 66,644 Radware Ltd. $RDWR

Public Employees Retirement System of Ohio bought a new position in Radware Ltd. (NASDAQ:RDWR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 66,644 shares of the information technology services provider’s stock, valued at approximately $2,057,000.

A number of other institutional investors have also modified their holdings of the stock. Morgan Stanley raised its stake in shares of Radware by 28.9% during the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock valued at $63,108,000 after acquiring an additional 588,064 shares in the last quarter. First Trust Advisors LP grew its stake in 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 purchasing an additional 348,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Radware by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider’s stock worth $40,769,000 after purchasing an additional 24,363 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in Radware by 2.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock worth $17,983,000 after purchasing an additional 16,204 shares during the period. Finally, State Street Corp increased its holdings in Radware by 1.8% during the 4th quarter. State Street Corp now owns 458,941 shares of the information technology services provider’s stock worth $11,056,000 after purchasing an additional 8,199 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Radware

In other Radware news, COO Gabriel Malka sold 6,500 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the transaction, the chief operating officer owned 47,922 shares of the company’s stock, valued at approximately $1,437,660. This trade represents a 11.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Guy Avidan bought 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $25.21 per share, for a total transaction of $50,420.00. Following the transaction, the chief financial officer directly owned 95,800 shares in the company, valued at approximately $2,415,118. This trade represents a 2.13% increase in their position. The SEC filing for this purchase provides additional information. 21.58% of the stock is owned by corporate insiders.

Radware Price Performance

Shares of NASDAQ RDWR opened at $28.28 on Monday. Radware Ltd. has a twelve month low of $21.68 and a twelve month high of $32.79. The firm has a market cap of $1.19 billion, a PE ratio of 74.42 and a beta of 0.85. The business has a fifty day simple moving average of $28.94 and a two-hundred day simple moving average of $27.50.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $82.28 million for the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.

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.