FNY Investment Advisers LLC Sells 24,037 Shares of Allot Ltd. (NASDAQ:ALLT)

FNY Investment Advisers LLC lessened its holdings in Allot Ltd. (NASDAQ:ALLT) by 69.6% in the first quarter, Holdings Channel reports. The institutional investor owned 10,500 shares of the communications equipment provider’s stock after selling 24,037 shares during the period. FNY Investment Advisers LLC’s holdings in Allot were worth $59,000 at the end of the most recent quarter.

Allot Stock Down 0.2%

Shares of NASDAQ ALLT opened at $8.63 on Wednesday. The company has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $6.67. The firm has a market cap of $341.14 million, a PE ratio of -86.29 and a beta of 1.38. Allot Ltd. has a 1 year low of $2.02 and a 1 year high of $9.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 2.27.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Allot from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd.

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.