First Trust Discloses Passive Stake in Radware Ltd. (RDWR)
Ticker: RDWR · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1094366
| Field | Detail |
|---|---|
| Company | Radware Ltd (RDWR) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**First Trust is a passive holder in Radware, no activist moves expected.**
AI Summary
First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, filed an SC 13G on January 10, 2024, indicating their beneficial ownership of Radware Ltd. (CUSIP M81873107) as of December 31, 2023. This filing, made under Rule 13d-1(b), signifies that First Trust is a passive investor and does not intend to influence or control Radware's management. For investors, this means a significant institutional holder views Radware as a viable investment, but their passive stance suggests no immediate activist pressure or major strategic changes are expected from this group.
Why It Matters
This filing shows a major institutional investor, First Trust, holds a stake in Radware, which can be seen as a vote of confidence, but their passive role means they aren't pushing for changes.
Risk Assessment
Risk Level: low — This filing indicates a passive investment, posing minimal immediate risk to current company operations or stock stability.
Analyst Insight
An investor should note that a large institutional player holds Radware stock, but their passive filing suggests no immediate catalyst for change from this specific holder. This information is primarily for understanding the institutional ownership landscape.
Key Numbers
- M81873107 — CUSIP Number (identifies Radware Ltd.'s common stock)
- December 31, 2023 — Date of Event (the date as of which the beneficial ownership is reported)
- 0 — Sole Voting Power (indicates First Trust Portfolios L.P. has no sole voting power)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person and beneficial owner
- Radware Ltd. (company) — the issuer whose securities are being reported
- First Trust Advisors L.P. (company) — related reporting person
- The Charger Corporation (company) — related reporting person
- Illinois, U.S.A. (company) — place of organization for reporting persons
Forward-Looking Statements
- First Trust will maintain a passive investment stance in Radware Ltd. for the foreseeable future. (First Trust Portfolios L.P.) — high confidence, target: 12-31-2024
- No significant activist pressure will originate from First Trust regarding Radware's management or strategy. (Radware Ltd.) — high confidence, target: 12-31-2024
FAQ
Who filed this SC 13G statement regarding Radware Ltd.?
The SC 13G statement was filed by First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, as reporting persons.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the common stock of Radware Ltd. is M81873107, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing was December 31, 2023, as specified in the document.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' in the appropriate box.
What is the citizenship or place of organization for the reporting persons?
The citizenship or place of organization for the reporting persons (First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation) is Illinois, U.S.A.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 regarding RADWARE LTD (RDWR).