Allot Ltd. $ALLT Stake Trimmed by P.A.W. Capital Corp

P.A.W. Capital Corp reduced its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 905,000 shares of the communications equipment provider’s stock after selling 140,000 shares during the period. Allot comprises 14.9% of P.A.W. Capital Corp’s investment portfolio, making the stock its 2nd biggest position. P.A.W. Capital Corp owned approximately 1.94% of Allot worth $7,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its stake in Allot by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 3,500 shares during the last quarter. US Bancorp DE raised its stake in shares of Allot by 17.6% in the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 10,139 shares during the period. DCF Advisers LLC bought a new stake in shares of Allot in the first quarter valued at $138,000. Calamos Advisors LLC purchased a new position in shares of Allot during the 2nd quarter valued at $254,000. Finally, ARK Investment Management LLC grew its stake in shares of Allot by 12.1% during the 2nd quarter. ARK Investment Management LLC now owns 278,560 shares of the communications equipment provider’s stock worth $2,357,000 after acquiring an additional 30,070 shares during the period. Institutional investors own 51.50% of the company’s stock.

Allot Price Performance

NASDAQ ALLT opened at $8.54 on Wednesday. Allot Ltd. has a 1 year low of $3.76 and a 1 year high of $11.42. The stock has a market capitalization of $413.79 million, a PE ratio of -170.80 and a beta of 1.46. The company’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $8.69.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen cut Allot from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allot in a research report on Wednesday, October 8th. Cowen started coverage on shares of Allot in a report on Monday, October 20th. They issued a “buy” rating for the company. Needham & Company LLC began coverage on shares of Allot in a research note on Thursday, October 23rd. They issued a “buy” rating and a $12.50 price objective for the company. Finally, TD Cowen began coverage on shares of Allot in a report on Monday, October 20th. They set a “buy” rating and a $13.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.75.

Allot 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.