P.A.W. Capital Corp Has $7.74 Million Stake in Allot Ltd. $ALLT

P.A.W. Capital Corp decreased its holdings in shares of Allot Ltd. (NASDAQ:ALLT) by 13.4% in the 2nd quarter, Holdings Channel reports. The firm owned 905,000 shares of the communications equipment provider’s stock after selling 140,000 shares during the period. Allot comprises 14.9% of P.A.W. Capital Corp’s investment portfolio, making the stock its 2nd largest holding. P.A.W. Capital Corp’s holdings in Allot were worth $7,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALLT. FNY Investment Advisers LLC lifted its position in Allot by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 3,500 shares during the last quarter. DCF Advisers LLC bought a new position in shares of Allot in the 1st quarter worth $138,000. Calamos Advisors LLC purchased a new stake in shares of Allot during the 2nd quarter valued at $254,000. Acuitas Investments LLC bought a new stake in shares of Allot during the 2nd quarter worth $558,000. Finally, US Bancorp DE grew its position in Allot by 17.6% in the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 10,139 shares in the last quarter. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Trading Down 1.8%

NASDAQ ALLT opened at $8.54 on Wednesday. The firm has a market cap of $413.79 million, a PE ratio of -170.80 and a beta of 1.46. Allot Ltd. has a 1-year low of $3.76 and a 1-year high of $11.42. The stock has a 50-day moving average of $9.72 and a 200-day moving average of $8.69.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Cowen assumed coverage on Allot in a research note on Monday, October 20th. They set a “buy” rating and a $13.00 price target for the company. Wall Street Zen lowered Allot from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a report on Wednesday, October 8th. Cowen assumed coverage on Allot in a research note on Monday, October 20th. They issued a “buy” rating for the company. Finally, William Blair assumed coverage on shares of Allot in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.75.

About Allot

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.