1,657,913 Shares in Allot Ltd. $ALLT Bought by G2 Investment Partners Management LLC

by · The Cerbat Gem

G2 Investment Partners Management LLC bought a new position in Allot Ltd. (NASDAQ:ALLT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,657,913 shares of the communications equipment provider’s stock, valued at approximately $14,175,000. Allot accounts for 3.1% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 9th largest holding. G2 Investment Partners Management LLC owned approximately 3.56% of Allot as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its holdings in shares of Allot by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 3,500 shares in the last quarter. US Bancorp DE grew its holdings in shares of Allot by 17.6% during the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock worth $580,000 after buying an additional 10,139 shares in the last quarter. DCF Advisers LLC raised its position in Allot by 45.4% in the 2nd quarter. DCF Advisers LLC now owns 35,238 shares of the communications equipment provider’s stock valued at $301,000 after buying an additional 11,000 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Allot in the 2nd quarter valued at approximately $139,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Allot in the 2nd quarter valued at approximately $156,000. Institutional investors own 51.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALLT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $12.50 price target on shares of Allot in a research note on Friday, November 21st. TD Cowen began coverage on shares of Allot in a report on Monday, October 20th. They set a “buy” rating and a $13.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allot in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Allot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Finally, Zacks Research upgraded shares of Allot from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.75.

View Our Latest Analysis on ALLT

Allot Trading Down 3.8%

NASDAQ:ALLT opened at $9.86 on Friday. Allot Ltd. has a 1-year low of $4.37 and a 1-year high of $11.42. The firm has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $8.94. The stock has a market capitalization of $477.75 million, a PE ratio of 328.67 and a beta of 1.53.

Allot Profile

(Free Report)

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.

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