SCHEDULE: Artisan Partners Discloses 5.5% Stake in Radware Ltd.

Artisan Partners, through its various entities, has reported a beneficial ownership of 5.5% of Radware Ltd.'s ordinary shares as of June 30, 2026.

Summary

• Artisan Partners Asset Management Inc. (APAM), Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership (APLP) have collectively disclosed beneficial ownership of 2,374,480 ordinary shares of Radware Ltd.
• This holding represents 5.5% of the total class of securities outstanding as of May 29, 2026.
• The shares were acquired and are held in the ordinary course of business by APLP on behalf of its discretionary clients.
• No single entity within the Artisan Partners group has sole voting or dispositive power; however, they share these powers, with a shared dispositive power of 2,374,480 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but not dominant ownership stake by a reputable investment manager. The filing itself is routine disclosure, not signaling immediate strategic shifts.

Positives

• Significant institutional ownership by a well-known investment manager (Artisan Partners).
• The filing indicates that the shares were acquired in the ordinary course of business, suggesting a standard investment strategy rather than a hostile takeover attempt.
• The disclosure confirms a substantial investment, which can sometimes be interpreted as a vote of confidence in the company's long-term prospects by the investor.

Negatives

• The filing is a Schedule 13G, which is a standard disclosure for passive investors, meaning it does not inherently signal any negative news about Radware Ltd.
• The information provided is purely ownership-related and does not offer insights into Radware's operational performance or future strategy.

Risks

• Potential for future changes in ownership by Artisan Partners, which could impact share price volatility.
• If Artisan Partners decides to alter its investment strategy, its selling or buying activity could influence Radware's stock price.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Radware Ltd.'s future performance.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "Persons other than APLP are entitled to receive all dividends from, and proceeds from the sale of, those shares."

Industry Context

StockSavvy.ai notes that significant institutional ownership filings like this are common in the technology sector. Radware operates in the cybersecurity market, a dynamic area where substantial investments by asset managers are typical as they seek growth opportunities.

Comparison to Industry Standards

• The 5.5% stake is a significant holding for a single investment manager, often considered a substantial position in a publicly traded company.
• While specific comparable companies are not mentioned in this filing, typical institutional holdings in the cybersecurity sector can range from less than 1% to over 10%, depending on the company's market capitalization and the investor's strategy.
• Artisan Partners is known for its active, research-driven investment approach, suggesting this stake is a result of thorough due diligence.

Stakeholder Impact

• Shareholders: May view the significant stake by Artisan Partners as a positive indicator, potentially increasing investor confidence and influencing share price.
• Management of Radware Ltd.: Will be aware of the substantial institutional ownership, which may influence strategic decisions and investor relations efforts.

Next Steps

• Continued monitoring of Artisan Partners' ownership stake in Radware Ltd. for any changes.
• Observing Radware Ltd.'s future financial reports and strategic announcements for performance indicators.

Key Dates

Keywords

Radware Ltd., Artisan Partners, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, Institutional Investor, Securities Exchange Act