Artisan Partners Asset Management Inc., together with affiliated entities Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership, reports beneficial ownership of 2,374,480 Ordinary Shares of Radware Ltd. This represents 5.5% of the outstanding class, based on 43,145,971 shares outstanding as of May 29, 2026. The group reports no sole voting or dispositive power, but shared voting power over 2,171,244 shares and shared dispositive power over all 2,374,480 shares.
The filing explains that Artisan Partners Limited Partnership is an SEC-registered investment adviser and that the reported shares were acquired on behalf of its discretionary clients. Those clients, rather than the Artisan entities, are entitled to receive dividends and sale proceeds, and to the knowledge of the filers, no individual client has an economic interest in more than 5% of Radware’s Ordinary Shares.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:2,374,480 Ordinary SharesPercent of class:5.5%Shares outstanding:43,145,971 shares+2 more
5 metrics
Beneficial ownership2,374,480 Ordinary SharesShares of Radware Ltd. beneficially owned by Artisan group
Percent of class5.5%Portion of Radware Ordinary Shares represented by 2,374,480 shares
Shares outstanding43,145,971 sharesRadware Ordinary Shares outstanding as of May 29, 2026
Shared voting power2,171,244 sharesRadware shares over which Artisan group has shared power to vote
Shared dispositive power2,374,480 sharesRadware shares over which Artisan group has shared power to dispose
Key Terms
beneficially owned, shared power to vote, shared power to dispose, discretionary clients, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared power to votefinancial
"(ii) Shared power to vote or to direct the vote: 2,171,244"
shared power to disposefinancial
"(iv) Shared power to dispose or to direct the disposition of: 2,374,480"
discretionary clientsfinancial
"The shares reported herein have been acquired on behalf of discretionary clients of APLP."
investment adviser registered under section 203regulatory
"Artisan Partners Limited Partnership is an investment adviser registered under section 203"
FAQ
What stake in Radware Ltd. (RDWR) does Artisan Partners report in this Schedule 13G/A?
Artisan Partners and affiliates report beneficial ownership of 2,374,480 Radware Ordinary Shares, representing 5.5% of the outstanding class, based on 43,145,971 shares outstanding as of May 29, 2026.
How much voting power over Radware (RDWR) shares does Artisan Partners have?
The Artisan group reports no sole voting power and shared voting power over 2,171,244 Radware Ordinary Shares. They also report shared dispositive power over 2,374,480 shares and no sole dispositive power.
Who actually benefits economically from Artisan Partners’ Radware (RDWR) holdings?
The Radware shares were acquired on behalf of discretionary clients of Artisan Partners Limited Partnership. Those clients are entitled to all dividends and sale proceeds, and, to the filers’ knowledge, no client has over 5% economic interest.
What entities are included in the joint Schedule 13G/A filing for Radware (RDWR)?
The joint filing covers Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership, all organized in Delaware and sharing a principal office in Milwaukee, Wisconsin.
Is Artisan Partners Limited Partnership a registered investment adviser for the Radware (RDWR) position?
Yes. The filing states that Artisan Partners Limited Partnership is an investment adviser registered under section 203 of the Investment Advisers Act of 1940, and it acquired the Radware shares on behalf of its discretionary clients.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
RADWARE LTD.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
M81873107
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Artisan Partners Asset Management Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
2,171,244.00
7
Sole Dispositive Power
8
Shared Dispositive Power
2,374,480.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,374,480.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Artisan Partners Holdings LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
2,171,244.00
7
Sole Dispositive Power
8
Shared Dispositive Power
2,374,480.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,374,480.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Artisan Investments GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
2,171,244.00
7
Sole Dispositive Power
8
Shared Dispositive Power
2,374,480.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,374,480.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Artisan Partners Limited Partnership
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
2,171,244.00
7
Sole Dispositive Power
8
Shared Dispositive Power
2,374,480.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,374,480.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: (e) Artisan Partners Limited Partnership is an investment adviser registered under section 203 of the Investment Advisers Act of 1940.
(g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
RADWARE LTD.
(b)
Address of issuer's principal executive offices:
22 Raoul Wallenberg Street, Tel Aviv 6971917, Israel
Address or principal business office or, if none, residence:
APAM, Artisan Holdings, Artisan Investments, and APLP are all located at:
875 East Wisconsin Avenue, Suite 800
Milwaukee, WI 53202
(c)
Citizenship:
APAM is a Delaware corporation; Artisan Holdings is a Delaware limited partnership; Artisan Investments is a Delaware limited liability company; APLP is a Delaware limited partnership
(d)
Title of class of securities:
Ordinary Shares
(e)
CUSIP No.:
M81873107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2,374,480
(b)
Percent of class:
5.5% (based on 43,145,971 shares outstanding as of 05/29/2026)
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
2,171,244
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
2,374,480
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The shares reported herein have been acquired on behalf of discretionary clients of APLP. Persons other than APLP are entitled to receive all dividends from, and proceeds from the sale of, those shares. None of those persons, to the knowledge of APAM, Artisan Holdings, Artisan Investments, or APLP has an economic interest in more than 5% of the class.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Artisan Partners Asset Management Inc.
Signature:
/s/ Gregory K. Ramirez
Name/Title:
Gregory K. Ramirez, Executive Vice President of Artisan Partners Asset Management Inc.
Date:
08/13/2026
Artisan Partners Holdings LP
Signature:
/s/ Gregory K. Ramirez
Name/Title:
Gregory K. Ramirez, Executive Vice President of Artisan Partners Asset Management Inc., as the general partner of Artisan Partners Holdings LP
Date:
08/13/2026
Artisan Investments GP LLC
Signature:
/s/ Gregory K. Ramirez
Name/Title:
Gregory K. Ramirez, Vice President of Artisan Investments GP LLC
Date:
08/13/2026
Artisan Partners Limited Partnership
Signature:
/s/ Gregory K. Ramirez
Name/Title:
Gregory K. Ramirez, Vice President of Artisan Investments GP LLC, as the general partner of Artisan Partners Limited Partnership
Date:
08/13/2026
Exhibit Information
Exhibit Index
Exhibit 1 - Joint Filing Agreement dated 08/13/2026 by and among Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership.
