Greenhaven Road Investment Management L.P. Raises Holdings in Allot Ltd. $ALLT

Greenhaven Road Investment Management L.P. raised its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 272.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 626,024 shares of the communications equipment provider’s stock after buying an additional 457,726 shares during the quarter. Allot comprises about 1.8% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 13th biggest position. Greenhaven Road Investment Management L.P.’s holdings in Allot were worth $5,353,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Walleye Capital LLC purchased a new position in Allot in the 2nd quarter valued at about $256,000. Arrowstreet Capital Limited Partnership acquired a new stake in Allot during the second quarter worth approximately $156,000. OMERS ADMINISTRATION Corp acquired a new position in Allot in the 2nd quarter valued at $139,000. HBK Investments L P purchased a new stake in shares of Allot in the second quarter valued at $1,069,000. Finally, Worth Venture Partners LLC purchased a new stake in Allot in the second quarter valued at approximately $359,000. 51.50% of the stock is owned by institutional investors and hedge funds.

Allot Stock Performance

ALLT stock opened at $9.44 on Friday. The firm has a market cap of $457.37 million, a P/E ratio of 314.67 and a beta of 1.53. Allot Ltd. has a 1 year low of $4.37 and a 1 year high of $11.42. The stock has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $8.86.

Analyst Upgrades and Downgrades

ALLT has been the topic of a number of recent analyst reports. Cowen began coverage on shares of Allot in a research note on Monday, October 20th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Allot in a report on Wednesday, October 8th. William Blair started coverage on Allot in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. TD Cowen assumed 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 restated a “buy” rating and set a $12.50 price target on shares of Allot in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Allot presently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Allot Company Profile

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.