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Allot Communications Ltd (ALLT): Billionaire George Soros’ Family Office Loads Up On Shares

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Billionaire George Soros Soros Fund Management recently filed a Form 13G with the Securities and Exchange Commission, in which it disclosed holding 2.21 million Ordinary Shares of Allot Communications Ltd (NASDAQ:ALLT), which amass 6.61% of the company’s outstanding shares. This represents a substantial increase to the family office’s stake in the company, as it previously held 1.39 million Ordinary Shares, as per its 13F filing for the reporting period of June 30.

Allot Communications is a company that provides fixed, mobile and enterprise network solutions for broadband traffic. Recently, the company has partnered with Intel Security to present McAfee Unified Security Powered by Allot, an end-to-end security solution. Over the past 12 months, the company’s stock has lost 4.1%. Earlier this month, Bank of America Corp. set a price target of $5.00 on Allot Communications’ stock and has a ‘Sell’ rating on it. Shares of the company currently trade at $5.15 per share. For the second quarter of 2016, the company disclosed a loss per share of $0.40 and revenue of $22.96 million, compared to a loss per share of $0.18 and revenue of $21.60 million for the same period a year earlier.

George Soros

Investors in our database long Allot Communications (NASDAQ:ALLT) at the end of the second quarter included Peter A. Wright’s P.A.W. CAPITAL PARTNERS, with a position worth $5.5 million, Jim Simons’ Renaissance Technologies, which held a position valued at $2.8 million, Josh Goldberg’s G2 Investment Partners Management, and Richard Mashaal’s RIMA Senvest Management.

Smart money managers that lost optimism about investing in Allot Communications (NASDAQ:ALLT) and decided to drop their positions during the second quarter, were Anand Parekh’s Alyeska Investment Group, which moved out of its stake worth around $5.32 million, and Brian Ashford-Russell and Tim Woolley’s Polar Capital, which sold off its position that had been valued at $635,000 on March 31.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
SOROS FUND MANAGEMENT 0 2,211,314 0 2,211,314 6.61%
GEORGE SOROS 2,211,314 0 2,211,314 2,211,314 6.61%
ROBERT SOROS 2,211,314 0 2,211,314 2,211,314 6.61%

George Soros
George Soros
Soros Fund Management

Page 1 of 12 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
ALLOT COMMUNICATIONS LTD.
(Name of Issuer)
Ordinary Shares, par value NIS 0.10 per share
(Title of Class of Securities)
M0854Q105
(CUSIP Number)
August 4, 2016
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[   ]
  Rule 13d-1(b)
[X]
  Rule 13d-1(c)
[   ]
  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
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Exhibit Index: Page 9

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