Public Employees Retirement System of Ohio Invests $2.06 Million in Radware Ltd. $RDWR

Public Employees Retirement System of Ohio bought a new position in Radware Ltd. (NASDAQ:RDWR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 66,644 shares of the information technology services provider’s stock, valued at approximately $2,057,000. Public Employees Retirement System of Ohio owned 0.16% of Radware as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of RDWR. Russell Investments Group Ltd. lifted its position in Radware by 47.5% in the second quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider’s stock worth $1,368,000 after buying an additional 14,980 shares during the last quarter. Jump Financial LLC increased its position in Radware by 126.5% during the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider’s stock valued at $1,207,000 after acquiring an additional 22,898 shares during the last quarter. Sei Investments Co. raised its stake in shares of Radware by 23.5% in the second quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider’s stock valued at $2,707,000 after acquiring an additional 17,501 shares during the period. California State Teachers Retirement System raised its stake in shares of Radware by 3.5% in the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider’s stock valued at $1,040,000 after acquiring an additional 1,190 shares during the period. Finally, PDT Partners LLC lifted its holdings in shares of Radware by 27.1% in the 2nd quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider’s stock worth $1,852,000 after acquiring an additional 13,402 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Insider Buying and Selling

In other Radware news, CFO Guy Avidan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $25.21 per share, with a total value of $50,420.00. Following the purchase, the chief financial officer owned 95,800 shares of the company’s stock, valued at approximately $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.58% of the company’s stock.

Radware Stock Performance

RDWR stock opened at $28.28 on Monday. The stock has a market cap of $1.19 billion, a PE ratio of 74.42 and a beta of 0.85. Radware Ltd. has a 12 month low of $21.68 and a 12 month high of $32.79. The company has a 50-day moving average price of $28.94 and a 200 day moving average price of $27.50.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share for the quarter. The company had revenue of $82.28 million for the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%.

Radware Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission?critical applications. Its product portfolio includes on?premises and cloud?based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real?time behavioral analysis, machine learning and automation to protect against distributed denial?of?service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.