Magnetar Financial LLC Takes $173,000 Position in Allot Ltd. $ALLT

Magnetar Financial LLC purchased a new position in Allot Ltd. (NASDAQ:ALLT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,212 shares of the communications equipment provider’s stock, valued at approximately $173,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLT. FNY Investment Advisers LLC increased its holdings in Allot by 33.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 3,500 shares during the last quarter. DCF Advisers LLC purchased a new position in shares of Allot during the 1st quarter valued at approximately $138,000. Calamos Advisors LLC acquired a new stake in shares of Allot during the second quarter worth approximately $254,000. Acuitas Investments LLC acquired a new stake in shares of Allot during the second quarter worth approximately $558,000. Finally, US Bancorp DE increased its stake in shares of Allot by 17.6% in 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 during the last quarter. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Performance

Allot stock opened at $9.44 on Thursday. Allot Ltd. has a 1 year low of $4.33 and a 1 year high of $11.42. The firm’s 50-day moving average is $9.72 and its 200-day moving average is $8.81. The company has a market cap of $457.40 million, a P/E ratio of -188.80 and a beta of 1.46.

Wall Street Analyst Weigh In

A number of research analysts have commented on ALLT shares. Needham & Company LLC reiterated a “buy” rating and set a $12.50 price objective on shares of Allot in a research note on Friday, November 21st. Zacks Research lowered shares of Allot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Cowen initiated coverage on shares of Allot in a research report on Monday, October 20th. They set a “buy” rating on the stock. William Blair started coverage on Allot in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Allot in a research note on Wednesday, October 8th. Four 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Allot Company Profile

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.