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

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

ALLT has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of Allot in a report on Monday, October 20th. They set a “buy” rating and a $13.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $12.50 target price on shares of Allot in a research report on Friday, November 21st. Wall Street Zen cut shares of Allot from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research note on Wednesday, October 8th. Finally, Cowen assumed coverage on Allot in a report on Monday, October 20th. They set a “buy” rating for the company.

Allot Price Performance

Shares of Allot stock opened at $9.93 on Tuesday. The firm has a market cap of $481.11 million, a PE ratio of 331.00 and a beta of 1.53. Allot has a 1 year low of $4.37 and a 1 year high of $11.42. The stock has a fifty day moving average price of $9.66 and a 200-day moving average price of $8.89.

Institutional Investors Weigh In On Allot

Large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Allot in the 3rd quarter valued at about $37,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Allot in the third quarter worth about $108,000. FNY Investment Advisers LLC increased its stake in shares of Allot by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 3,500 shares in the last quarter. LeConte Wealth Management LLC bought a new stake in shares of Allot in the third quarter valued at approximately $128,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Allot during the 2nd quarter valued at approximately $139,000. Hedge funds and other institutional investors 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.