Allot (NASDAQ:ALLT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Allot (NASDAQ:ALLT) from a buy rating to a hold rating in a research report released on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research report on Wednesday, January 21st. TD Cowen set a $11.00 price objective on shares of Allot in a report on Wednesday. Needham & Company LLC lowered their target price on shares of Allot from $12.50 to $8.50 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating on shares of Allot in a research report on Thursday, February 19th. Finally, Northland Securities set a $18.00 price target on shares of Allot in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.13.

Allot Stock Performance

ALLT opened at $6.34 on Friday. The company has a market capitalization of $307.17 million, a P/E ratio of 79.26 and a beta of 1.57. The company has a 50-day moving average of $9.94 and a 200-day moving average of $9.49. Allot has a 1-year low of $4.37 and a 1-year high of $11.92.

Allot (NASDAQ:ALLT) last posted its quarterly earnings results on Wednesday, February 25th. The communications equipment provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $28.40 million during the quarter, compared to the consensus estimate of $27.90 million. Allot had a return on equity of 6.84% and a net margin of 3.63%. As a group, sell-side analysts expect that Allot will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allot

Several large investors have recently made changes to their positions in ALLT. Invesco Ltd. acquired a new position in shares of Allot during the fourth quarter worth approximately $112,000. XTX Topco Ltd raised its stake in Allot by 8.5% during the 4th quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock valued at $339,000 after acquiring an additional 2,718 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Allot during the 4th quarter valued at $133,000. Trexquant Investment LP boosted its position in Allot by 10.5% during the 4th quarter. Trexquant Investment LP now owns 259,325 shares of the communications equipment provider’s stock worth $2,549,000 after acquiring an additional 24,715 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Allot by 24.8% in the fourth quarter. Osaic Holdings Inc. now owns 35,557 shares of the communications equipment provider’s stock worth $350,000 after purchasing an additional 7,072 shares in the last quarter. Institutional investors and hedge funds own 51.50% of the company’s stock.

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.