Acuitas Investments LLC Sells 49,549 Shares of Allot Ltd. $ALLT

Acuitas Investments LLC reduced its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 75.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,749 shares of the communications equipment provider’s stock after selling 49,549 shares during the quarter. Acuitas Investments LLC’s holdings in Allot were worth $167,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALLT. US Bancorp DE boosted its holdings in shares of Allot by 17.6% in the 2nd quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock worth $580,000 after purchasing an additional 10,139 shares during the period. FNY Investment Advisers LLC lifted its position in Allot by 33.3% in the second 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 last quarter. ARK Investment Management LLC boosted its stake 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 buying an additional 30,070 shares during the period. Acadian Asset Management LLC increased its position in 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, Calamos Advisors LLC purchased a new stake in shares of Allot in the second quarter valued at $254,000. 51.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ALLT. Cantor Fitzgerald started coverage on shares of Allot in a research note on Monday, January 12th. They set an “overweight” rating and a $15.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $12.50 target price on shares of Allot in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allot in a research note on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Allot in a research note on Tuesday, January 6th. Finally, Zacks Research cut Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.63.

Allot Stock Performance

Shares of NASDAQ:ALLT opened at $10.18 on Friday. The firm has a market cap of $493.22 million, a PE ratio of 339.33 and a beta of 1.52. The firm’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $9.25. Allot Ltd. has a one year low of $4.37 and a one year high of $11.92.

About Allot

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.