SCHEDULE: Morgan Stanley Reports Stake in Radware Ltd.

Morgan Stanley and its subsidiary, Morgan Stanley Capital Services LLC, have filed a Schedule 13G, reporting beneficial ownership of 5.7% of Radware Ltd.'s ordinary shares as of June 30, 2026.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Capital Services LLC, have filed an amended Schedule 13G regarding their beneficial ownership of Radware Ltd. ordinary shares.
• As of June 30, 2026, Morgan Stanley beneficially owns 2,410,230 shares, representing 5.7% of the class.
• Morgan Stanley Capital Services LLC beneficially owns 2,403,842 shares, also representing 5.7% of the class.
• Both entities are organized in Delaware and are classified as Broker-dealers (BD) and Holding Companies (HC) or Control Persons (CO).
• The filing indicates that these shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting beneficial ownership changes without significant operational or financial disclosures.

Positives

• Morgan Stanley's continued investment in Radware Ltd. could signal confidence in the company's future prospects.
• The filing confirms a significant, albeit passive, ownership stake by a major financial institution.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Radware Ltd.
• The information is limited to ownership details and does not offer insights into Radware's operational performance.

Risks

• Potential for future changes in beneficial ownership by Morgan Stanley, which could impact Radware's stock price.
• The passive nature of the ownership means no active involvement in Radware's strategic direction from Morgan Stanley.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding Radware Ltd.'s future performance. It solely reports on beneficial ownership.

Management Comments

• Morgan Stanley and Morgan Stanley Capital Services LLC certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates Morgan Stanley's position as a substantial shareholder in the cybersecurity sector, where Radware operates.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor, which may influence market perception and trading activity.
• Management of Radware Ltd.: Awareness of substantial beneficial ownership by Morgan Stanley.

Next Steps

• Morgan Stanley and Morgan Stanley Capital Services LLC will continue to hold their beneficial ownership of Radware Ltd. ordinary shares.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

Radware Ltd., Morgan Stanley, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment, Securities Exchange Act