Radware (NASDAQ:RDWR) Shares Break Above Two Hundred Day Moving Average - What's Next?

Key Points

• Radware shares broke above their 200-day moving average, reaching $31.24 before last trading at $29.64, compared with a 200-day average of $28.40.
• Analyst sentiment improved, with Wall Street Zen upgrading the stock to “buy” and Weiss Ratings moving it to “hold”; however, the overall analyst consensus remains “Hold,” with a $25 average price target.
• Institutional investors own 73.12% of Radware, while insiders own 21.58%. Recent activity included a CFO purchase of 2,000 shares and a COO sale of 6,500 shares.

Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.40 and traded as high as $31.24. Radware shares last traded at $29.64, with a volume of 188,904 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RDWR shares. Wall Street Zen upgraded shares of Radware from a "hold" rating to a "buy" rating in a research report on Tuesday. Weiss Ratings upgraded shares of Radware from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.00.

Radware Stock Performance

The stock's 50-day moving average price is $28.99 and its 200-day moving average price is $28.40. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 78.00 and a beta of 0.86.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The information technology services provider reported $0.30 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%.

Insider Buying and Selling at Radware

In other news, CFO Guy Avidan bought 2,000 shares of the firm's stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the transaction, the chief financial officer owned 95,800 shares in the company, valued at $2,415,118. This trade represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gabriel Malka sold 6,500 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $195,000.00. Following the completion of the sale, the chief operating officer directly owned 47,922 shares in the company, valued at $1,437,660. This trade represents a 11.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 21.58% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Radware in the 2nd quarter worth about $2,057,000. Rice Hall James & Associates LLC grew its stake in Radware by 3.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider's stock valued at $16,069,000 after acquiring an additional 21,928 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider's stock valued at $1,686,000 after acquiring an additional 25,499 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Radware during the 2nd quarter valued at about $27,000. Finally, Handelsbanken Fonder AB increased its holdings in Radware by 3.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider's stock valued at $602,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

About Radware

Radware Ltd. NASDAQ: RDWR is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and data from cyber threats while maintaining the availability, performance and reliability of business-critical services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.

Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.

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