Raiffeisen Bank International AG Buys Shares of 300,000 Allot Ltd. $ALLT

Raiffeisen Bank International AG purchased a new position in shares of Allot Ltd. (NASDAQ:ALLT) in the third quarter, HoldingsChannel reports. The fund purchased 300,000 shares of the communications equipment provider’s stock, valued at approximately $2,937,000.

A number of other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Allot during the third quarter valued at approximately $108,000. DCF Advisers LLC grew its stake in Allot by 45.4% in the 2nd quarter. DCF Advisers LLC now owns 35,238 shares of the communications equipment provider’s stock worth $301,000 after acquiring an additional 11,000 shares during the period. LeConte Wealth Management LLC purchased a new stake in Allot in the 3rd quarter worth approximately $128,000. Osaic Holdings Inc. lifted its stake in shares of Allot by 56.6% during the 2nd quarter. Osaic Holdings Inc. now owns 38,567 shares of the communications equipment provider’s stock worth $330,000 after purchasing an additional 13,934 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Allot by 10.2% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 161,128 shares of the communications equipment provider’s stock worth $1,705,000 after purchasing an additional 14,956 shares during the last quarter. Institutional investors and hedge funds own 51.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Allot Trading Up 0.3%

Shares of ALLT opened at $10.24 on Friday. Allot Ltd. has a twelve month low of $4.37 and a twelve month high of $11.92. 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’s fifty day simple moving average is $10.05 and its 200 day simple moving average is $9.48.

Allot Company 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.