SCHEDULE: Legal & General Group Discloses 5.17% Passive Stake in Radware Ltd.
Beneficial Ownership Report
Legal & General Group Plc and its affiliates have filed an amended Schedule 13G, reporting a collective beneficial ownership of 5.17% in Radware Ltd. as of December 31, 2021.
Summary
- Legal & General Group Plc, along with its affiliated entities, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Radware Ltd.
- The filing indicates that Legal & General Group Plc beneficially owns 2,398,808 Ordinary Shares of Radware Ltd., representing 5.17% of the class.
- Legal & General Investment Management Ltd beneficially owns 2,398,250 shares, representing 5.2% of the class.
- LGIM Managers (Europe) Limited and Legal & General UCITS ETF Plc each beneficially own 2,396,149 shares, representing 5.17% and 5.2% respectively.
- Legal & General Investment Management America Inc. beneficially owns 558 shares, representing 0% of the class.
- The reporting entities, primarily investment managers and an insurance company, hold shared voting and dispositive power over the majority of these shares.
- The filing is made under Rule 13d-1(b), indicating a passive investment intent.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
This filing reflects a standard disclosure by a large institutional investor group, Legal & General, regarding its passive stake in a publicly traded technology company, Radware Ltd. Such filings are common for investment firms that cross the 5% ownership threshold in a company, indicating a portfolio investment rather than an active attempt to influence management or control the company.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency regarding significant institutional ownership.
- It confirms that a major financial group, Legal & General, holds a passive investment in Radware Ltd., which can be viewed as a vote of confidence by some investors, though the filing itself does not imply active engagement or strategic changes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Date of event requiring the filing of this statement, indicating the beneficial ownership position. |
| 07/02/2025 | Date of signature for the Schedule 13G Amendment No. 1 filing. |
Keywords
Radware Ltd, Legal & General Group, Schedule 13G, beneficial ownership, institutional investment, passive stake, ordinary shares, M81873107, SEC filing
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