FNY Investment Advisers LLC Has $59,000 Stake in Allot Ltd. (NASDAQ:ALLT)

FNY Investment Advisers LLC trimmed its position in shares of Allot Ltd. (NASDAQ:ALLT) by 69.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 Trading Down 0.2%

ALLT opened at $8.63 on Wednesday. The company’s 50 day moving average is $7.19 and its 200-day moving average is $6.67. Allot Ltd. has a 1-year low of $2.02 and a 1-year high of $9.44. The company has a current ratio of 2.49, a quick ratio of 2.27 and a debt-to-equity ratio of 0.80. The company has a market cap of $341.14 million, a P/E ratio of -86.29 and a beta of 1.38.

Wall Street Analysts Forecast Growth

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

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.