Yelin Lapidot Holdings Management Ltd. Has $4.99 Million Stock Position in Radware Ltd. (NASDAQ:RDWR)

Yelin Lapidot Holdings Management Ltd. decreased its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 230,589 shares of the information technology services provider's stock after selling 18,862 shares during the quarter. Radware accounts for about 1.0% of Yelin Lapidot Holdings Management Ltd.'s investment portfolio, making the stock its 26th largest holding. Yelin Lapidot Holdings Management Ltd. owned 0.55% of Radware worth $4,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Radware by 34.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,660 shares of the information technology services provider's stock valued at $1,885,000 after buying an additional 21,252 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Radware by 424.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock worth $1,169,000 after purchasing an additional 42,009 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Radware during the first quarter worth approximately $2,127,000. Barclays PLC boosted its holdings in shares of Radware by 179.9% during the fourth quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock worth $992,000 after purchasing an additional 28,329 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in Radware by 19.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 158,574 shares of the information technology services provider's stock valued at $3,573,000 after purchasing an additional 25,907 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company's stock.

Wall Street Analyst Weigh In

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

Radware Trading Up 2.5%

NASDAQ RDWR traded up $0.75 on Friday, reaching $30.43. The stock had a trading volume of 263,920 shares, compared to its average volume of 208,854. Radware Ltd. has a 1 year low of $17.36 and a 1 year high of $30.57. The business has a 50 day moving average price of $25.19 and a 200 day moving average price of $23.16. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 112.69 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last announced 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 business had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. On average, analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

About Radware

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.