Phoenix Holdings Ltd. Owns Stake in Allot Communications Ltd. (ALLT)

Phoenix Holdings Ltd.

revealed that they own a 7.6% stake in Allot Communications Ltd. (NASDAQ:ALLT) in a Form 13G disclosure that was filed with the SEC on Wednesday, August 23rd. The investor owns 2,521,302 shares of the stock valued at about $12,379,593. The reporting parties listed on the disclosure included Itshak Sharon (Tshuva), Delek Group Ltd and The Phoenix Holding Ltd. The disclosure is available through the SEC website at this hyperlink.

Phoenix Holdings Ltd.

provided the following explanation of their ownership:

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A number of other institutional investors also recently added to or reduced their stakes in ALLT. Horrell Capital Management Inc. boosted its position in Allot Communications by 64.3% in the second quarter. Horrell Capital Management Inc. now owns 271,100 shares of the communications equipment provider’s stock worth $1,385,000 after buying an additional 106,100 shares in the last quarter. Prentiss Smith & Co. Inc. boosted its position in Allot Communications by 6.8% in the second quarter. Prentiss Smith & Co. Inc. now owns 81,059 shares of the communications equipment provider’s stock worth $414,000 after buying an additional 5,158 shares in the last quarter. Soros Fund Management LLC boosted its position in Allot Communications by 2.4% in the first quarter. Soros Fund Management LLC now owns 3,406,666 shares of the communications equipment provider’s stock worth $16,216,000 after buying an additional 80,500 shares in the last quarter. Renaissance Technologies LLC boosted its position in Allot Communications by 1.3% in the first quarter. Renaissance Technologies LLC now owns 681,100 shares of the communications equipment provider’s stock worth $3,242,000 after buying an additional 8,600 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position in Allot Communications by 55.9% in the first quarter. Spark Investment Management LLC now owns 84,500 shares of the communications equipment provider’s stock worth $402,000 after buying an additional 30,300 shares in the last quarter. Hedge funds and other institutional investors own 42.25% of the company’s stock.

Allot Communications Ltd. (NASDAQ:ALLT) traded down 0.41% during trading on Wednesday, reaching $4.89. The company’s stock had a trading volume of 13,649 shares. The firm’s market capitalization is $162.35 million. Allot Communications Ltd. has a 52-week low of $4.50 and a 52-week high of $5.67. The stock’s 50-day moving average is $5.04 and its 200 day moving average is $4.91.

Allot Communications (NASDAQ:ALLT) last announced its earnings results on Tuesday, August 1st. The communications equipment provider reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $19.52 million for the quarter, compared to analyst estimates of $19.20 million. Allot Communications had a negative return on equity of 5.88% and a negative net margin of 14.06%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. On average, analysts predict that Allot Communications Ltd. will post ($0.24) EPS for the current fiscal year.

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A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Allot Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Allot Communications in a report on Tuesday, August 1st. Finally, ValuEngine cut Allot Communications from a “hold” rating to a “sell” rating in a report on Thursday, May 18th.

About Allot Communications

Allot Communications Ltd. (Allot) is a global provider of security and monetization solutions that enable mobile, fixed and enterprise service providers to protect and personalize the digital experience. The Company has a global and diverse customer base composed of mobile and fixed broadband service providers, cable operators, private networks, data centers, governments and enterprises, such as financial and educational institutions.

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