Allot Ltd. $ALLT Shares Purchased by Greenhaven Road Investment Management L.P.

Greenhaven Road Investment Management L.P. raised its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 21.3% in the third quarter, Holdings Channel reports. The fund owned 759,643 shares of the communications equipment provider’s stock after acquiring an additional 133,619 shares during the period. Allot comprises approximately 1.2% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 10th biggest position. Greenhaven Road Investment Management L.P.’s holdings in Allot were worth $8,037,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Allot during the 3rd quarter worth about $37,000. Y Intercept Hong Kong Ltd bought a new position in Allot during the 3rd quarter valued at about $108,000. LeConte Wealth Management LLC acquired a new position in Allot in the third quarter valued at about $128,000. OMERS ADMINISTRATION Corp bought a new stake in Allot during the second quarter worth about $139,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Allot during the second quarter worth about $156,000. Institutional investors own 51.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ALLT shares. Northland Securities set a $18.00 target price on shares of Allot in a research note on Tuesday, January 6th. TD Cowen set a $11.00 price target on Allot in a research report on Wednesday, February 25th. Citigroup reiterated an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Zacks Research lowered Allot from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Needham & Company LLC decreased their target price on Allot from $12.50 to $8.50 and set a “buy” rating on the stock in a report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Allot presently has a consensus rating of “Moderate Buy” and an average price target of $13.13.

Allot Trading Down 0.4%

Shares of NASDAQ ALLT opened at $6.71 on Thursday. Allot Ltd. has a 1-year low of $4.37 and a 1-year high of $11.92. The company has a 50-day moving average of $9.13 and a two-hundred day moving average of $9.41. The company has a market cap of $325.10 million, a PE ratio of 83.89 and a beta of 1.62.

Allot (NASDAQ:ALLT) last released its quarterly earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Allot had a net margin of 3.63% and a return on equity of 6.35%. The business had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $27.90 million. As a group, equities research analysts forecast that Allot Ltd. will post -0.18 earnings per share for the current year.

Allot Profile

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.