Clal Insurance Enterprises Holdings Ltd Decreases Stock Holdings in Allot Communications Ltd (NASDAQ:ALLT)

Clal Insurance Enterprises Holdings Ltd lowered its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 11.7% during the 3rd quarter, Holdings Channel.com reports. The fund 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’s holdings in Allot Communications were worth $4,648,000 as of its most recent filing with the SEC.

Allot Communications Price Performance

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

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ALLT. Northland Securities raised shares of Allot Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $2.25 to $13.00 in a report on Monday, August 5th. StockNews.com upgraded shares of Allot Communications from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Northland Capmk upgraded Allot Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th.

Allot Communications 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.