Analysts Set Allot Ltd. (NASDAQ:ALLT) PT at $12.75

Shares of Allot Ltd. (NASDAQ:ALLT) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.75.

ALLT has been the subject of several recent research reports. Cowen assumed coverage on shares of Allot in a research note on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $12.50 target price on shares of Allot in a research note on Friday, November 21st. TD Cowen assumed coverage on Allot in a report on Monday, October 20th. They set a “buy” rating and a $13.00 target price for the company. Finally, Zacks Research upgraded Allot from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th.

Allot Stock Performance

ALLT stock opened at $10.25 on Tuesday. The company has a market capitalization of $496.61 million, a PE ratio of 341.67 and a beta of 1.53. Allot has a one year low of $4.37 and a one year high of $11.42. The company’s 50 day moving average price is $9.62 and its two-hundred day moving average price is $8.93.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALLT. Kanen Wealth Management LLC raised its holdings in Allot by 1.7% during the 3rd quarter. Kanen Wealth Management LLC now owns 4,606,003 shares of the communications equipment provider’s stock valued at $48,624,000 after buying an additional 78,180 shares during the last quarter. QVT Financial LP increased its position in shares of Allot by 22.2% in the second quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock valued at $36,598,000 after acquiring an additional 817,938 shares during the period. G2 Investment Partners Management LLC purchased a new position in shares of Allot in the second quarter valued at about $14,175,000. Acadian Asset Management LLC raised its stake in shares of Allot by 12.5% during the second quarter. Acadian Asset Management LLC now owns 778,254 shares of the communications equipment provider’s stock valued at $6,648,000 after acquiring an additional 86,437 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. raised its stake in shares of Allot by 21.3% during the third quarter. Greenhaven Road Investment Management L.P. now owns 759,643 shares of the communications equipment provider’s stock valued at $8,037,000 after acquiring an additional 133,619 shares during the last quarter. 51.50% of the stock is owned by hedge funds and other institutional investors.

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.