Allot (NASDAQ:ALLT) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Allot (NASDAQ:ALLT) in a report released on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $15.00 price objective on the communications equipment provider’s stock.

Several other equities analysts have also recently issued reports on ALLT. Needham & Company LLC reiterated a “buy” rating and issued a $12.50 target price on shares of Allot in a research note on Friday, November 21st. Cowen started coverage on shares of Allot in a report on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research report on Wednesday, October 8th. Northland Securities set a $18.00 target price on shares of Allot in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded Allot from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.63.

Allot Trading Down 0.6%

Shares of ALLT stock opened at $10.82 on Monday. The stock has a 50 day moving average of $9.58 and a 200 day moving average of $9.15. The stock has a market cap of $524.23 million, a P/E ratio of 360.67 and a beta of 1.52. Allot has a twelve month low of $4.37 and a twelve month high of $11.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLT. Silverberg Bernstein Capital Management LLC grew its holdings in shares of Allot by 38.1% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 146,172 shares of the communications equipment provider’s stock worth $1,250,000 after buying an additional 40,300 shares in the last quarter. Kanen Wealth Management LLC grew its stake in Allot by 19.6% during the 2nd quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider’s stock valued at $38,713,000 after acquiring an additional 742,146 shares in the last quarter. US Bancorp DE raised its holdings in Allot by 17.6% in the 2nd quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock valued at $580,000 after acquiring an additional 10,139 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Allot by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after acquiring an additional 3,500 shares during the last quarter. Finally, ARK Investment Management LLC lifted its stake in Allot by 12.1% in the 2nd quarter. ARK Investment Management LLC now owns 278,560 shares of the communications equipment provider’s stock worth $2,357,000 after purchasing an additional 30,070 shares in the last quarter. Hedge funds and other institutional investors own 51.50% of the company’s stock.

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.