Allot Communications Ltd (NASDAQ:ALLT – Get Rating) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 181,900 shares, an increase of 6.1% from the February 13th total of 171,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 219,800 shares, the days-to-cover ratio is currently 0.8 days.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC decreased their price target on shares of Allot Communications from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, March 1st. Northland Securities reduced their price target on shares of Allot Communications from $19.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 16th.
Institutional Investors Weigh In On Allot Communications
A hedge fund recently raised its stake in Allot Communications stock. Cowen Prime Advisors LLC raised its stake in Allot Communications Ltd (NASDAQ:ALLT – Get Rating) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,918 shares of the communications equipment provider’s stock after acquiring an additional 6,567 shares during the quarter. Cowen Prime Advisors LLC owned approximately 0.13% of Allot Communications worth $184,000 at the end of the most recent reporting period. 69.49% of the stock is currently owned by institutional investors and hedge funds.
Allot Communications Price Performance
About Allot Communications
Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.
- Get a free copy of the StockNews.com research report on Allot Communications (ALLT)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
Receive News & Ratings for Allot Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allot Communications and related companies with MarketBeat.com's FREE daily email newsletter.