Senvest Management LLC purchased a new position in Allot Communications Ltd. (NASDAQ:ALLT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 139,367 shares of the communications equipment provider’s stock, valued at approximately $751,000. Senvest Management LLC owned approximately 0.42% of Allot Communications at the end of the most recent quarter.

Separately, Renaissance Technologies LLC raised its position in shares of Allot Communications by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock worth $3,242,000 after acquiring an additional 8,600 shares in the last quarter. Hedge funds and other institutional investors own 43.59% of the company’s stock.

Several research firms have recently commented on ALLT. ValuEngine lowered Allot Communications from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered Allot Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.

Allot Communications Ltd. (ALLT) opened at $5.91 on Monday. Allot Communications Ltd. has a 1 year low of $4.50 and a 1 year high of $6.09.

COPYRIGHT VIOLATION WARNING: This story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/12/04/139367-shares-in-allot-communications-ltd-allt-acquired-by-senvest-management-llc.html.

Allot Communications Profile

Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.

Want to see what other hedge funds are holding ALLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allot Communications Ltd. (NASDAQ:ALLT).

Institutional Ownership by Quarter for Allot Communications (NASDAQ:ALLT)

Receive News & Stock Ratings for Allot Communications Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications Ltd. and related stocks with our FREE daily email newsletter.