65,298 Shares in Allot Ltd. $ALLT Purchased by Acuitas Investments LLC

Acuitas Investments LLC bought a new position in shares of Allot Ltd. (NASDAQ:ALLT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 65,298 shares of the communications equipment provider’s stock, valued at approximately $558,000. Acuitas Investments LLC owned 0.14% of Allot at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC grew its position in shares of 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 buying an additional 3,500 shares during the period. DCF Advisers LLC acquired a new position in shares of Allot during the 1st quarter worth about $138,000. Cloud Capital Management LLC acquired a new position in shares of Allot during the 1st quarter worth about $452,000. US Bancorp DE grew its position in shares of Allot by 17.6% during the 2nd 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 period. Finally, Silverberg Bernstein Capital Management LLC grew its position in shares of Allot by 38.1% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 146,172 shares of the communications equipment provider’s stock worth $1,250,000 after buying an additional 40,300 shares during the period. 51.50% of the stock is currently owned by institutional investors and hedge funds.

Allot Stock Performance

NASDAQ ALLT opened at $9.98 on Friday. The stock has a market capitalization of $464.37 million, a price-to-earnings ratio of -199.60 and a beta of 1.45. The stock’s 50 day moving average price is $9.24 and its two-hundred day moving average price is $8.18. Allot Ltd. has a 52 week low of $3.35 and a 52 week high of $11.42.

Allot (NASDAQ:ALLT) last posted its quarterly earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $24.05 million for the quarter, compared to analyst estimates of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. On average, equities research analysts forecast that Allot Ltd. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. William Blair assumed coverage on Allot in a research report on Thursday, August 21st. They set an “outperform” rating for the company. Wall Street Zen cut Allot from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 24th. Needham & Company LLC started coverage on Allot in a report on Thursday. They set a “buy” rating and a $12.50 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a report on Wednesday, October 8th. Finally, Cowen started coverage on Allot in a report on Monday. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus 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.