Yelin Lapidot Holdings Management Ltd. Sells 58,722 Shares of Radware Ltd. (NASDAQ:RDWR)

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,451 shares of the information technology services provider's stock after selling 58,722 shares during the period. Radware comprises approximately 1.0% of Yelin Lapidot Holdings Management Ltd.'s portfolio, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd. owned about 0.59% of Radware worth $5,620,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Radware by 159.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 587,570 shares of the information technology services provider's stock valued at $13,091,000 after buying an additional 360,710 shares during the period. GSA Capital Partners LLP increased its position in Radware by 247.3% during the 3rd quarter. GSA Capital Partners LLP now owns 114,762 shares of the information technology services provider's stock valued at $2,557,000 after purchasing an additional 81,718 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in 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 worth $2,844,000 after purchasing an additional 70,703 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Radware by 6.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 931,651 shares of the information technology services provider's stock valued at $20,757,000 after purchasing an additional 56,116 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Radware during the third quarter valued at about $1,117,000. 73.12% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "hold" rating on shares of Radware in a research report on Friday, February 14th.

Radware Trading Up 2.0 %

RDWR traded up $0.44 during midday trading on Tuesday, reaching $22.15. The company's stock had a trading volume of 142,302 shares, compared to its average volume of 132,739. The stock's 50-day moving average is $22.51 and its 200-day moving average is $22.47. Radware Ltd. has a 1 year low of $16.12 and a 1 year high of $25.00. The firm has a market capitalization of $930.19 million, a price-to-earnings ratio of 158.23 and a beta of 0.96.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. As a group, equities research analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

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.