Senvest Management Holds 9.2% Stake in Radware Ltd.
Ticker: RDWR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1094366
| Field | Detail |
|---|---|
| Company | Radware Ltd (RDWR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-stake, amendment, radware
TL;DR
**Senvest Management still owns 9.2% of Radware, a big vote of confidence!**
AI Summary
Senvest Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Radware Ltd. As of December 31, 2023, Senvest Management, LLC reported shared voting and dispositive power over 4,115,597 ordinary shares of Radware Ltd., representing 9.2% of the company's outstanding shares. This update indicates a significant, but slightly reduced, passive stake in Radware, which could influence future strategic decisions or attract other institutional investors.
Why It Matters
This filing shows that a major institutional investor, Senvest Management, LLC, still holds a substantial portion of Radware's shares, indicating continued confidence in the company's long-term prospects. For investors, this can signal stability and potentially attract further institutional interest.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive stake, indicating no immediate change in control or hostile intent, thus posing low risk.
Analyst Insight
Investors should note Senvest Management's continued significant, passive stake in Radware Ltd. (9.2%). While not an activist position, it signals a major institutional investor's long-term confidence. Monitor future filings for any changes in this stake, which could indicate a shift in sentiment or strategy.
Key Numbers
- 4,115,597 — Shares Beneficially Owned (Represents the total number of Radware Ltd. ordinary shares Senvest Management, LLC has shared voting and dispositive power over.)
- 9.2% — Percentage of Class (Indicates the significant portion of Radware Ltd.'s outstanding ordinary shares held by Senvest Management, LLC.)
- December 31, 2023 — Event Date (The specific date as of which the ownership stake was calculated for this filing.)
Key Players & Entities
- Senvest Management, LLC (company) — the reporting person and investment firm
- Radware Ltd. (company) — the subject company whose shares are being reported
- Delaware (company) — place of organization for Senvest Management, LLC
- 4,115,597 (dollar_amount) — number of shares beneficially owned by Senvest Management, LLC
- 9.2% (dollar_amount) — percentage of Radware Ltd.'s class of securities owned by Senvest Management, LLC
- December 31, 2023 (date) — date of event requiring the filing
- February 9, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Senvest Management, LLC will maintain a significant, passive stake in Radware Ltd. for the foreseeable future. (Senvest Management, LLC) — high confidence, target: December 31, 2024
- Radware Ltd. may see increased institutional investor interest due to Senvest Management's continued large holding. (Radware Ltd.) — medium confidence, target: June 30, 2024
FAQ
Who filed this SC 13G/A amendment regarding Radware Ltd. shares?
Senvest Management, LLC, a company organized in Delaware, filed this SC 13G/A amendment.
What is the total number of Radware Ltd. ordinary shares that Senvest Management, LLC beneficially owns with shared voting power?
Senvest Management, LLC beneficially owns 4,115,597 ordinary shares of Radware Ltd. with shared voting power, as stated on page 2 of 7 of the filing.
What percentage of Radware Ltd.'s ordinary shares does Senvest Management, LLC report owning?
Senvest Management, LLC reports owning 9.2% of Radware Ltd.'s ordinary shares, as detailed on page 3 of 7 of the filing.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on page 1 of 7 of the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(c), as marked with an 'x' on page 1 of 7 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding RADWARE LTD (RDWR).