P.A.W. Capital Corp reduced its position in Allot Ltd. (NASDAQ:ALLT – Free Report) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 630,000 shares of the communications equipment provider’s stock after selling 120,000 shares during the quarter. Allot comprises about 13.5% of P.A.W. Capital Corp’s portfolio, making the stock its biggest holding. P.A.W. Capital Corp’s holdings in Allot were worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in ALLT. QVT Financial LP lifted its stake in shares of 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 purchasing an additional 817,938 shares during the period. Millennium Management LLC increased its holdings in 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 in the last quarter. Boothbay Fund Management LLC purchased a new stake in Allot in the 2nd quarter worth $3,164,000. Raiffeisen Bank International AG purchased a new stake in Allot in the 3rd quarter worth $2,937,000. Finally, Marshall Wace LLP purchased a new stake in Allot in the 2nd quarter worth $2,320,000. 51.50% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Boaz Grossman sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $7.37, for a total transaction of $36,850.00. Following the completion of the sale, the senior vice president owned 192,000 shares of the company’s stock, valued at $1,415,040. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Shteiman sold 6,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $7.58, for a total transaction of $45,480.00. Following the sale, the insider directly owned 214,000 shares of the company’s stock, valued at $1,622,120. The trade was a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,556 shares of company stock valued at $181,384 in the last ninety days. Insiders own 3.40% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Report on Allot
Allot Stock Performance
Shares of NASDAQ ALLT opened at $8.16 on Monday. The firm has a market cap of $396.98 million, a PE ratio of 62.77 and a beta of 1.48. The firm has a fifty day moving average of $7.21 and a 200 day moving average of $8.56. Allot Ltd. has a one year low of $6.12 and a one year high of $11.92.
Allot (NASDAQ:ALLT – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The communications equipment provider reported $0.06 EPS for the quarter. Allot had a net margin of 5.68% and a return on equity of 7.38%. The company had revenue of $26.43 million during the quarter. On average, equities analysts predict that Allot Ltd. will post 0.21 EPS for the current fiscal year.
About Allot
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.
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