Analysts Set Allot Ltd. (NASDAQ:ALLT) PT at $14.63

Allot Ltd. (NASDAQ:ALLT) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.6250.

ALLT has been the subject of a number of recent analyst reports. Zacks Research cut Allot from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Northland Securities set a $18.00 price target on Allot in a report on Tuesday, January 6th. Cantor Fitzgerald assumed coverage on Allot in a research note on Monday, January 12th. They set an “overweight” rating and a $15.00 price target on the stock. Citigroup reaffirmed an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On Allot

A number of large investors have recently made changes to their positions in ALLT. Quarry LP acquired a new stake in Allot during the 3rd quarter worth about $37,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Allot in the third quarter worth about $108,000. FNY Investment Advisers LLC lifted its holdings in shares of Allot by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 3,500 shares during the period. LeConte Wealth Management LLC purchased a new stake in Allot in the third quarter valued at approximately $128,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Allot in the second quarter valued at approximately $139,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Stock Performance

NASDAQ:ALLT opened at $9.79 on Wednesday. The company’s 50-day simple moving average is $9.96 and its 200-day simple moving average is $9.29. Allot has a fifty-two week low of $4.37 and a fifty-two week high of $11.92. The stock has a market capitalization of $474.33 million, a P/E ratio of 326.33 and a beta of 1.57.

Allot Company Profile

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.