Allot Ltd. (NASDAQ:ALLT) Short Interest Down 14.1% in January

Allot Ltd. (NASDAQ:ALLT) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,281,948 shares, a decline of 14.1% from the December 31st total of 1,492,864 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 503,829 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 503,829 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALLT shares. Northland Securities set a $18.00 price target on shares of Allot in a research note on Tuesday, January 6th. Cantor Fitzgerald initiated coverage on shares of Allot in a research report on Monday, January 12th. They set an “overweight” rating and a $15.00 target price for the company. Citigroup reaffirmed an “outperform” rating on shares of Allot in a research note on Tuesday, January 6th. Zacks Research downgraded Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $12.50 target price on shares of Allot in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.63.

Institutional Investors Weigh In On Allot

Several large investors have recently made changes to their positions in ALLT. State of New Jersey Common Pension Fund D bought a new position in Allot in the fourth quarter valued at approximately $226,000. Calamos Advisors LLC grew its stake in shares of Allot by 46.5% in the fourth quarter. Calamos Advisors LLC now owns 44,719 shares of the communications equipment provider’s stock valued at $440,000 after buying an additional 14,196 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Allot by 53.8% during the fourth quarter. FNY Investment Advisers LLC now owns 16,146 shares of the communications equipment provider’s stock worth $158,000 after buying an additional 5,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Allot during the fourth quarter worth $549,000. Finally, Silverberg Bernstein Capital Management LLC lifted its stake in Allot by 2.7% in the fourth 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 last quarter. Institutional investors own 51.50% of the company’s stock.

Allot Price Performance

NASDAQ ALLT opened at $9.90 on Tuesday. Allot has a one year low of $4.37 and a one year high of $11.92. The firm has a market cap of $479.68 million, a P/E ratio of 330.00 and a beta of 1.52. The stock’s 50-day moving average is $9.95 and its 200-day moving average is $9.27.

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.