Allot (NASDAQ:ALLT) Shares Pass Above 200 Day Moving Average - Should You Sell?

Allot Ltd. (NASDAQ:ALLT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.30 and traded as high as $8.06. Allot shares last traded at $8.00, with a volume of 375,236 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Allot from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Allot Stock Down 3.8%

The stock has a 50-day simple moving average of $8.54 and a two-hundred day simple moving average of $7.31. The company has a quick ratio of 2.27, a current ratio of 2.49 and a debt-to-equity ratio of 0.80. The firm has a market cap of $346.42 million, a PE ratio of -74.74 and a beta of 1.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC bought a new position in shares of Allot during the second quarter valued at about $558,000. ARK Investment Management LLC grew its stake in shares of Allot by 12.1% during the second quarter. ARK Investment Management LLC now owns 278,560 shares of the communications equipment provider's stock valued at $2,357,000 after buying an additional 30,070 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Allot by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider's stock valued at $119,000 after buying an additional 3,500 shares during the last quarter. US Bancorp DE grew its stake in shares of Allot by 17.6% during the second quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider's stock valued at $580,000 after buying an additional 10,139 shares during the last quarter. Finally, Kanen Wealth Management LLC grew its stake in shares of Allot by 19.6% during the second quarter. Kanen Wealth Management LLC now owns 4,527,823 shares of the communications equipment provider's stock valued at $38,713,000 after buying an additional 742,146 shares during the last quarter. 51.50% of the stock is owned by institutional investors.

About Allot

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.