Yelin Lapidot Holdings Management Ltd. Sells 18,862 Shares of Radware Ltd. (NASDAQ:RDWR)

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 7.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 230,589 shares of the information technology services provider's stock after selling 18,862 shares during the period. Radware makes up approximately 1.0% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd. owned approximately 0.55% of Radware worth $4,985,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new stake in Radware during the 4th quarter valued at $30,000. Inceptionr LLC raised its position in Radware by 8.6% in the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock worth $332,000 after buying an additional 1,161 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Radware by 23.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock valued at $16,395,000 after acquiring an additional 140,135 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Radware during the 4th quarter valued at about $214,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Radware during the 4th quarter valued at about $59,000. 73.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st.

Radware Price Performance

Radware stock traded up $0.75 during mid-day trading on Friday, reaching $30.43. 263,920 shares of the stock traded hands, compared to its average volume of 208,810. Radware Ltd. has a 12-month low of $17.36 and a 12-month high of $30.57. The business's 50-day moving average is $25.04 and its 200-day moving average is $23.11. The stock has a market capitalization of $1.30 billion, a PE ratio of 112.69 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $72.08 million during the quarter, compared to analyst estimates of $70.56 million. Radware had a net margin of 4.12% and a return on equity of 5.39%. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Radware Company 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.