Allot Ltd. $ALLT Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in Allot Ltd. (NASDAQ:ALLT) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,254 shares of the communications equipment provider’s stock after buying an additional 86,437 shares during the period. Acadian Asset Management LLC owned about 1.67% of Allot worth $6,648,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ALLT. Kanen Wealth Management LLC increased its holdings in shares of Allot by 19.6% in the 2nd quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider’s stock valued at $38,713,000 after acquiring an additional 742,146 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in Allot by 38.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 146,172 shares of the communications equipment provider’s stock worth $1,250,000 after purchasing an additional 40,300 shares during the last quarter. US Bancorp DE boosted its holdings in Allot by 17.6% in the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 10,139 shares in the last quarter. DCF Advisers LLC purchased a new position in Allot in the first quarter valued at approximately $138,000. Finally, ARK Investment Management LLC raised its holdings in Allot by 12.1% during the second quarter. ARK Investment Management LLC now owns 278,560 shares of the communications equipment provider’s stock worth $2,357,000 after purchasing an additional 30,070 shares in the last quarter. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Stock Down 1.0%

Shares of ALLT stock opened at $9.03 on Thursday. The stock’s 50-day moving average price is $9.71 and its 200 day moving average price is $8.59. The stock has a market capitalization of $420.17 million, a PE ratio of -180.60 and a beta of 1.46. Allot Ltd. has a 52-week low of $3.47 and a 52-week high of $11.42.

Allot (NASDAQ:ALLT) last announced its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $24.05 million for the quarter, compared to the consensus estimate of $22.90 million. Allot had a positive return on equity of 0.94% and a negative net margin of 2.12%. Analysts expect that Allot Ltd. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALLT. Needham & Company LLC began coverage on shares of Allot in a report on Thursday, October 23rd. They issued a “buy” rating and a $12.50 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Allot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Wall Street Zen lowered Allot from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 24th. Finally, William Blair assumed coverage on Allot in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.