Greenhaven Road Investment Management L.P. Has $8.42 Million Stock Holdings in Allot Ltd. $ALLT

Greenhaven Road Investment Management L.P. increased its stake in Allot Ltd. (NASDAQ:ALLT) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 856,991 shares of the communications equipment provider’s stock after acquiring an additional 97,348 shares during the quarter. Allot accounts for approximately 1.4% of Greenhaven Road Investment Management L.P.’s portfolio, making the stock its 9th largest position. Greenhaven Road Investment Management L.P. owned approximately 1.77% of Allot worth $8,424,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raiffeisen Bank International AG bought a new stake in shares of Allot in the 3rd quarter valued at $2,937,000. Potomac Capital Management Inc. bought a new stake in Allot during the 4th quarter valued at $3,483,000. Riverwater Partners LLC bought a new stake in Allot during the 4th quarter valued at $1,658,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Allot during the 4th quarter valued at $148,000. Finally, State of Wyoming bought a new stake in Allot during the 4th quarter valued at $66,000. Institutional investors own 51.50% of the company’s stock.

Insider Activity at Allot

In related news, SVP Boaz Grossman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $7.37, for a total value of $36,850.00. Following the sale, the senior vice president directly owned 192,000 shares in the company, valued at approximately $1,415,040. The trade was a 2.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Noam Lelah sold 21,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $8.48, for a total value of $178,080.00. Following the completion of the sale, the senior vice president owned 176,250 shares in the company, valued at $1,494,600. This represents a 10.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 45,556 shares of company stock worth $359,464. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ALLT shares. TD Cowen set a $11.00 price target on shares of Allot in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price target on shares of Allot in a research note on Wednesday, May 13th. Finally, Needham & Company LLC boosted their price target on shares of Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.63.

Allot Stock Performance

Shares of NASDAQ:ALLT opened at $7.37 on Friday. The company’s 50-day moving average is $7.42 and its 200 day moving average is $8.47. The company has a market capitalization of $358.55 million, a P/E ratio of 56.70 and a beta of 1.48. Allot Ltd. has a fifty-two week low of $6.12 and a fifty-two week high of $11.92.

Allot (NASDAQ:ALLT) last announced its quarterly earnings data on Tuesday, March 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Allot had a return on equity of 7.38% and a net margin of 5.68%.The business had revenue of $26.43 million for the quarter. As a group, research analysts predict that Allot Ltd. will post 0.21 earnings per share for the current year.

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.