Allot Ltd. (NASDAQ:ALLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Allot Ltd. (NASDAQ:ALLT) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.6250.

A number of research firms recently issued reports on ALLT. Northland Securities set a $18.00 target price on shares of Allot in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Needham & Company LLC restated a “buy” rating and set a $12.50 target price on shares of Allot in a research note on Tuesday, January 20th. Finally, Zacks Research downgraded Allot from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. G2 Investment Partners Management LLC bought a new stake in shares of Allot in the second quarter valued at about $14,175,000. QVT Financial LP raised its holdings in Allot by 22.2% in the 2nd quarter. QVT Financial LP now owns 4,505,793 shares of the communications equipment provider’s stock valued at $36,598,000 after acquiring an additional 817,938 shares in the last quarter. Millennium Management LLC lifted its position in shares of Allot by 239.4% in the 3rd quarter. Millennium Management LLC now owns 753,393 shares of the communications equipment provider’s stock worth $7,971,000 after acquiring an additional 531,412 shares during the period. Greenhaven Road Investment Management L.P. increased its position in shares of 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 purchasing an additional 457,726 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of Allot in the second quarter valued at $3,164,000. Institutional investors own 51.50% of the company’s stock.

Allot Stock Up 1.8%

Shares of Allot stock opened at $10.55 on Wednesday. The stock has a market capitalization of $511.18 million, a P/E ratio of 351.67 and a beta of 1.52. The stock has a 50 day moving average price of $9.87 and a two-hundred day moving average price of $9.23. Allot has a 12-month low of $4.37 and a 12-month high of $11.92.

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.