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

Allot Ltd. (NASDAQ:ALLT) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.75.

ALLT has been the subject of several research analyst reports. Zacks Research raised shares of Allot from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Wall Street Zen downgraded shares of Allot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Cowen initiated coverage on Allot in a research report on Monday, October 20th. They issued a “buy” rating on the stock. TD Cowen began coverage on Allot in a research report on Monday, October 20th. They set a “buy” rating and a $13.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $12.50 price target on shares of Allot in a research note on Friday, November 21st.

Allot Price Performance

Allot stock opened at $9.01 on Tuesday. The stock has a market capitalization of $436.56 million, a price-to-earnings ratio of 300.33 and a beta of 1.53. Allot has a 1-year low of $4.37 and a 1-year high of $11.42. The business has a fifty day moving average price of $9.57 and a 200-day moving average price of $8.95.

Institutional Trading of Allot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. raised its position in Allot by 272.0% during the second quarter. Greenhaven Road Investment Management L.P. now owns 626,024 shares of the communications equipment provider’s stock valued at $5,353,000 after acquiring an additional 457,726 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of Allot during the 2nd quarter valued at approximately $14,175,000. Kanen Wealth Management LLC lifted its stake 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 purchasing an additional 742,146 shares during the period. Silverberg Bernstein Capital Management LLC boosted its holdings 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 buying an additional 40,300 shares in the last quarter. Finally, Acadian Asset Management LLC increased 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 valued at $6,648,000 after buying an additional 86,437 shares in the last quarter. Institutional investors and hedge funds own 51.50% of the company’s stock.

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.