Clal Insurance Enterprises Holdings Ltd Sells 206,437 Shares of Allot Communications Ltd (NASDAQ:ALLT)

Clal Insurance Enterprises Holdings Ltd decreased its position in Allot Communications Ltd (NASDAQ:ALLT) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,564,990 shares of the communications equipment provider’s stock after selling 206,437 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned approximately 4.07% of Allot Communications worth $4,648,000 at the end of the most recent quarter.

Allot Communications Stock Performance

Shares of Allot Communications stock opened at $4.23 on Friday. Allot Communications Ltd has a 1 year low of $1.19 and a 1 year high of $4.55. The firm’s 50-day moving average is $3.31 and its 200 day moving average is $2.88. The stock has a market cap of $162.60 million, a price-to-earnings ratio of -6.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.40 and a quick ratio of 2.13.

Allot Communications (NASDAQ:ALLT) last issued its earnings results on Tuesday, August 27th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Allot Communications had a negative net margin of 26.69% and a negative return on equity of 47.95%. The business had revenue of $22.16 million during the quarter, compared to analysts’ expectations of $22.30 million. Sell-side analysts anticipate that Allot Communications Ltd will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALLT has been the topic of a number of recent research reports. Northland Capmk raised shares of Allot Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. StockNews.com raised shares of Allot Communications from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Northland Securities raised Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $2.25 to $13.00 in a research report on Monday, August 5th.

Allot Communications Company Profile

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.