139,367 Shares in Allot Communications Ltd. (ALLT) Acquired by Senvest Management LLC
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 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.
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