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

P.A.W. Capital Corp lessened its stake in shares of Allot Ltd. (NASDAQ:ALLT) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 630,000 shares of the communications equipment provider’s stock after selling 120,000 shares during the period. Allot makes up about 13.5% of P.A.W. Capital Corp’s portfolio, making the stock its biggest position. P.A.W. Capital Corp owned approximately 1.30% of Allot worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Worth Venture Partners LLC grew its position in Allot by 4.6% during the 3rd quarter. Worth Venture Partners LLC now owns 43,941 shares of the communications equipment provider’s stock worth $465,000 after purchasing an additional 1,946 shares during the last quarter. Magnetar Financial LLC grew its position in Allot by 10.8% during the 3rd quarter. Magnetar Financial LLC now owns 22,404 shares of the communications equipment provider’s stock worth $237,000 after purchasing an additional 2,192 shares during the last quarter. Quarry LP purchased a new stake in Allot during the 3rd quarter worth approximately $37,000. Silverberg Bernstein Capital Management LLC lifted its stake in Allot by 2.7% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 165,428 shares of the communications equipment provider’s stock valued at $1,626,000 after acquiring an additional 4,300 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in Allot by 53.8% during the 4th quarter. FNY Investment Advisers LLC now owns 16,146 shares of the communications equipment provider’s stock valued at $158,000 after acquiring an additional 5,646 shares during the period. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Performance

Shares of NASDAQ ALLT opened at $8.16 on Monday. Allot Ltd. has a 12 month low of $6.12 and a 12 month high of $11.92. The company has a 50 day simple moving average of $7.21 and a two-hundred day simple moving average of $8.56. The stock has a market cap of $396.98 million, a price-to-earnings ratio of 62.77 and a beta of 1.48.

Allot (NASDAQ:ALLT) last announced its quarterly earnings data 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 business had revenue of $26.43 million during the quarter. Analysts forecast that Allot Ltd. will post 0.21 EPS for the current year.

Insider Buying and Selling at Allot

In related news, insider Mark Shteiman sold 6,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $7.58, for a total value of $45,480.00. Following the completion of the transaction, the insider directly owned 214,000 shares in the company, valued at $1,622,120. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Boaz Grossman sold 5,000 shares of the business’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 transaction, the senior vice president owned 192,000 shares of the company’s stock, valued at approximately $1,415,040. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 24,556 shares of company stock valued at $181,384. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ALLT. 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 objective on shares of Allot in a research note on Wednesday, May 13th. Needham & Company LLC lifted their price objective 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. Finally, TD Cowen set a $11.00 price objective on shares of Allot in a research note on Wednesday, February 25th. Five 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

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.