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

Artisan Partners Limited Partnership trimmed its holdings in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 about 5.03% of Radware worth $47,587,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RDWR. Barclays PLC grew its stake 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 purchasing an additional 9,112 shares in the last quarter. State Street Corp increased its holdings in Radware by 4.2% during the third quarter. State Street Corp now owns 586,660 shares of the information technology services provider's stock worth $13,071,000 after buying an additional 23,725 shares during the last quarter. JPMorgan Chase & Co. raised its position in Radware by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider's stock worth $7,330,000 after acquiring an additional 42,617 shares in the last quarter. Ellsworth Advisors LLC acquired a new stake in Radware in the fourth quarter valued at $632,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Radware by 127.4% in the 4th 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 acquiring an additional 70,703 shares during the period. Institutional investors own 73.12% of the company's stock.

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Radware Stock Down 1.6 %

Shares of NASDAQ RDWR traded down $0.36 during mid-day trading on Monday, reaching $21.62. 90,242 shares of the company were exchanged, compared to its average volume of 249,611. Radware Ltd. has a twelve month low of $16.12 and a twelve month high of $25.00. The stock has a market capitalization of $907.93 million, a P/E ratio of 154.44 and a beta of 0.95. The company's 50-day simple moving average is $22.53 and its 200-day simple moving average is $22.55.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (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, equities research analysts expect that Radware Ltd. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RDWR. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a research note on Friday, February 14th. Jefferies Financial Group cut their price objective on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Monday.

Radware 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.