SCHEDULE: Legal & General Group Discloses 5.7% Passive Stake in Radware Ltd.
Beneficial Ownership Disclosure
Legal & General Group Plc and its affiliated entities have disclosed a passive beneficial ownership of 5.7% in Radware Ltd.'s Ordinary Shares as of December 31, 2022.
Summary
- Legal & General Group Plc, along with its subsidiaries Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, and Legal & General UCITS ETF Plc, collectively hold a significant passive stake in Radware Ltd.
- As of December 31, 2022, the aggregate beneficial ownership reported by Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, and Legal & General UCITS ETF Plc is 2,570,026 shares, representing approximately 5.7% of Radware Ltd.'s Ordinary Shares.
- Legal & General Group Plc, as the parent holding company, also reports beneficial ownership of 2,570,026 shares, representing 5.68% of the class.
- All reported shares are held with shared voting power and shared dispositive power.
- Legal & General Investment Management America Inc. is listed as a reporting person but holds 0 shares of Radware Ltd.
Sentiment
Score: 6
Explanation: The disclosure of a significant passive stake by a major institutional investor like Legal & General is generally a neutral to slightly positive signal, indicating confidence in the company's long-term prospects, even if it's a passive investment.
Positives
- A major global financial institution, Legal & General Group, has taken a significant passive stake, which can be interpreted as a vote of confidence in Radware Ltd.'s long-term prospects.
- The disclosure of a 5.7% stake by a reputable institutional investor may positively influence market perception and investor interest in Radware Ltd.
Negatives
- The filing is a passive ownership disclosure and does not indicate any active engagement, strategic initiatives, or direct operational support from the investor.
Risks
- The document is an ownership disclosure and does not contain information regarding specific operational, financial, or strategic risks related to Radware Ltd.'s business.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment in Radware Ltd., a company operating in the cybersecurity and application delivery solutions industry. Such passive stakes by large financial groups like Legal & General are common and reflect their broad investment strategies across various sectors.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2022 | Date of event which requires filing of this statement, indicating the beneficial ownership threshold was met or updated. |
| 07/02/2025 | Signature date for the filing by Legal & General Group Plc and its affiliated entities. |
Keywords
Radware Ltd., Legal & General Group Plc, Schedule 13G, Beneficial Ownership, Institutional Investor, Passive Investment, Ordinary Shares, SEC Filing, Investment Management, Financial Services
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