300,000 Shares in Allot Ltd. $ALLT Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new position in Allot Ltd. (NASDAQ:ALLT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the communications equipment provider’s stock, valued at approximately $2,937,000. Raiffeisen Bank International AG owned approximately 0.64% of Allot as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. G2 Investment Partners Management LLC acquired a new position in shares of Allot during the 2nd quarter worth $14,175,000. QVT Financial LP boosted its holdings in Allot by 22.2% during the second quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock worth $36,598,000 after buying an additional 817,938 shares in the last quarter. Greenhaven Road Investment Management L.P. grew its position in Allot by 272.0% during the second quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock worth $5,353,000 after buying an additional 457,726 shares during the period. Boothbay Fund Management LLC purchased a new position in Allot in the second quarter valued at about $3,164,000. Finally, Marshall Wace LLP purchased a new position in Allot in the second quarter valued at about $2,320,000. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Allot in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Allot in a report on Tuesday, January 6th. Northland Securities set a $18.00 target price on Allot in a report on Tuesday, January 6th. Zacks Research cut Allot from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.50 price target on shares of Allot in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.63.

Allot Stock Performance

ALLT stock opened at $10.24 on Friday. The stock’s 50 day moving average price is $10.05 and its 200 day moving average price is $9.48. The firm has a market cap of $496.16 million, a P/E ratio of 341.33 and a beta of 1.57. Allot Ltd. has a 1 year low of $4.37 and a 1 year high of $11.92.

Allot Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.