Allot Ltd. (NASDAQ:ALLT) Given Average Rating of “Moderate Buy” by Brokerages

Allot Ltd. (NASDAQ:ALLT) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.6250.

ALLT has been the topic of several analyst reports. Northland Securities set a $18.00 price objective on Allot in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. Zacks Research cut Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. TD Cowen initiated coverage on shares of Allot in a report on Monday, October 20th. They issued a “buy” rating on the stock. Finally, Citigroup reiterated an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Allot

A number of large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Allot during the 3rd quarter valued at $37,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Allot in the third quarter valued at $108,000. FNY Investment Advisers LLC increased its stake in shares of Allot by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 3,500 shares in the last quarter. LeConte Wealth Management LLC acquired a new position in Allot during the 3rd quarter worth about $128,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Allot during the 2nd quarter worth about $139,000. 51.50% of the stock is currently owned by institutional investors.

Allot Stock Up 1.8%

NASDAQ ALLT opened at $10.55 on Wednesday. Allot has a twelve month low of $4.37 and a twelve month high of $11.92. The stock has a market cap of $511.18 million, a P/E ratio of 351.67 and a beta of 1.52. The company’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $9.23.

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.