Greenhaven Road Investment Management L.P. Increases Stock Holdings in Allot Ltd. $ALLT

Greenhaven Road Investment Management L.P. boosted its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,643 shares of the communications equipment provider’s stock after purchasing an additional 133,619 shares during the quarter. Allot accounts for approximately 1.2% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 10th biggest position. Greenhaven Road Investment Management L.P. owned 1.57% of Allot worth $8,037,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Worth Venture Partners LLC increased its holdings in shares of Allot by 4.6% during the 3rd quarter. Worth Venture Partners LLC now owns 43,941 shares of the communications equipment provider’s stock worth $465,000 after purchasing an additional 1,946 shares during the period. Magnetar Financial LLC lifted its stake in shares of Allot by 10.8% in the third quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock valued at $237,000 after buying an additional 2,192 shares during the period. Quarry LP acquired a new stake in Allot during the third quarter worth about $37,000. Verition Fund Management LLC grew its position in Allot by 27.8% during the third quarter. Verition Fund Management LLC now owns 40,110 shares of the communications equipment provider’s stock worth $424,000 after buying an additional 8,736 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Allot during the third quarter valued at about $108,000. 51.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALLT has been the subject of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Allot in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a report on Wednesday, January 21st. TD Cowen set a $11.00 price objective on Allot in a research report on Wednesday, February 25th. Needham & Company LLC reduced their target price on Allot from $12.50 to $8.50 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Zacks Research downgraded shares of Allot from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Allot Stock Down 0.4%

NASDAQ:ALLT opened at $6.71 on Thursday. The firm has a market capitalization of $325.10 million, a PE ratio of 83.89 and a beta of 1.62. Allot Ltd. has a 12-month low of $4.37 and a 12-month high of $11.92. The firm has a 50-day moving average price of $9.13 and a 200 day moving average price of $9.41.

Allot (NASDAQ:ALLT) last released its quarterly earnings data on Wednesday, February 25th. The communications equipment provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Allot had a return on equity of 6.35% and a net margin of 3.63%.The company had revenue of $28.40 million for the quarter, compared to the consensus estimate of $27.90 million. On average, research analysts expect that Allot Ltd. will post -0.18 EPS for the current year.

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.