SCHEDULE: Morgan Stanley Discloses Stake in Radware Ltd.

Morgan Stanley and its subsidiary, Morgan Stanley Capital Services LLC, have filed an amended Schedule 13G, reporting beneficial ownership of 7.2% of Radware Ltd.'s ordinary shares as of March 31, 2026.

Summary

• Morgan Stanley and its subsidiary, Morgan Stanley Capital Services LLC, have jointly filed an amended Schedule 13G regarding their beneficial ownership of Radware Ltd. ordinary shares.
• As of March 31, 2026, Morgan Stanley beneficially owns 3,052,188 shares, representing 7.2% of the class.
• Morgan Stanley Capital Services LLC beneficially owns 2,995,269 shares, representing 7.1% of the class.
• The filing indicates that Morgan Stanley Capital Services LLC is a wholly-owned subsidiary of Morgan Stanley.
• Both entities are organized in Delaware and are registered as brokers/dealers and/or commercial entities.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by a financial institution and does not contain operational or financial performance updates for Radware Ltd.

Positives

• Morgan Stanley and its subsidiary have disclosed their significant beneficial ownership stake in Radware Ltd.
• The filing confirms that the ownership is in the ordinary course of business, suggesting standard investment activity.

Risks

• Potential for increased market activity or influence by Morgan Stanley due to its significant stake.
• The filing does not provide specific details on the investment strategy or rationale behind acquiring this stake.

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

• "In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS")."
• "This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release."
• "By signing below I certify that, to the best of my knowledge and belief, 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."

Industry Context

StockSavvy.ai notes that large institutional investors like Morgan Stanley frequently file Schedule 13G forms to report significant stakes in publicly traded companies, indicating their role as passive investors or market makers in the cybersecurity sector where Radware operates.

Stakeholder Impact

• Shareholders: The disclosure may inform shareholders about the significant presence of a major financial institution, potentially influencing market perception.
• Management: Radware's management will be aware of Morgan Stanley's substantial stake, which could be a factor in future strategic discussions.

Key Dates

Keywords

Radware Ltd, Morgan Stanley, Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Investment, Securities