Allot Communications Ltd (ALLT) Shares Bought by Jane Street Group LLC

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Jane Street Group LLC boosted its position in shares of Allot Communications Ltd (NASDAQ:ALLT) by 38.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,136 shares of the communications equipment provider’s stock after acquiring an additional 5,037 shares during the quarter. Jane Street Group LLC’s holdings in Allot Communications were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cowen Prime Services LLC increased its position in Allot Communications by 173.0% during the fourth quarter. Cowen Prime Services LLC now owns 10,102 shares of the communications equipment provider’s stock worth $61,000 after buying an additional 6,402 shares during the period. PEAK6 Investments LLC acquired a new position in Allot Communications during the fourth quarter worth approximately $98,000. ETF Managers Group LLC increased its position in Allot Communications by 2,355.9% during the fourth quarter. ETF Managers Group LLC now owns 43,765 shares of the communications equipment provider’s stock worth $266,000 after buying an additional 41,983 shares during the period. Northpointe Capital LLC acquired a new position in Allot Communications during the fourth quarter worth approximately $1,326,000. Finally, Caption Management LLC increased its position in Allot Communications by 13.0% during the fourth quarter. Caption Management LLC now owns 650,654 shares of the communications equipment provider’s stock worth $3,949,000 after buying an additional 75,000 shares during the period. 68.13% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. BidaskClub raised Allot Communications from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research lowered Allot Communications from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Finally, ValuEngine raised Allot Communications from a “buy” rating to a “strong-buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.87.

NASDAQ:ALLT opened at $8.01 on Friday. Allot Communications Ltd has a 12-month low of $4.90 and a 12-month high of $8.34.

Allot Communications (NASDAQ:ALLT) last released its earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. The business had revenue of $26.89 million for the quarter, compared to analyst estimates of $25.70 million. Allot Communications had a negative return on equity of 5.79% and a negative net margin of 10.87%. On average, analysts predict that Allot Communications Ltd will post -0.21 EPS for the current year.

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Allot Communications 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.

Further Reading: Why are gap-down stocks important?

Want to see what other hedge funds are holding ALLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allot Communications Ltd (NASDAQ:ALLT).

Institutional Ownership by Quarter for Allot Communications (NASDAQ:ALLT)

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