Allot Ltd. (NASDAQ:ALLT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Allot Ltd. (NASDAQ:ALLT) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.6250.

A number of brokerages have recently issued reports on ALLT. Citigroup reaffirmed an “outperform” rating on shares of Allot in a report on Tuesday, January 6th. Zacks Research cut shares of Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Northland Securities set a $18.00 target price on shares of Allot in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Allot in a report on Thursday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Greenhaven Road Investment Management L.P. grew its position in shares of Allot by 272.0% in the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock worth $5,353,000 after buying an additional 457,726 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in Allot in the second quarter valued at approximately $14,175,000. Calamos Advisors LLC acquired a new stake in Allot in the second quarter valued at approximately $254,000. Acadian Asset Management LLC grew its holdings in Allot by 12.5% in the second quarter. Acadian Asset Management LLC now owns 778,254 shares of the communications equipment provider’s stock worth $6,648,000 after purchasing an additional 86,437 shares during the last quarter. Finally, Worth Venture Partners LLC acquired a new position in shares of Allot during the second quarter worth $359,000. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Performance

Shares of NASDAQ:ALLT opened at $10.24 on Friday. The firm has a market capitalization of $496.16 million, a P/E ratio of 341.33 and a beta of 1.57. The stock has a 50 day moving average price of $10.05 and a 200-day moving average price of $9.48. Allot has a 52-week low of $4.37 and a 52-week 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.