Do Hedge Funds and Insiders Love Allot Communications Ltd. (NASDAQ:ALLT)? – Comtech Telecomm. Corp. (NASDAQ:CMTL), Calix Inc (NYSE:CALX)

Page 1 of 2

Is Allot Communications Ltd. (NASDAQ:ALLT) an exceptional investment now? Money managers are becoming less hopeful. The number of long hedge fund bets were cut by 1 lately.

Allot Communications Ltd. (NASDAQ:ALLT)

In today’s marketplace, there are dozens of methods market participants can use to watch publicly traded companies. A duo of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite money managers can outclass the S&P 500 by a solid amount (see just how much).

Equally as integral, positive insider trading sentiment is another way to parse down the world of equities. Obviously, there are lots of motivations for an insider to get rid of shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many academic studies have demonstrated the market-beating potential of this tactic if “monkeys” understand what to do (learn more here).

With all of this in mind, we’re going to take a peek at the key action regarding Allot Communications Ltd. (NASDAQ:ALLT).

What does the smart money think about Allot Communications Ltd. (NASDAQ:ALLT)?

In preparation for this year, a total of 10 of the hedge funds we track were bullish in this stock, a change of -9% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings considerably.

When looking at the hedgies we track, John Murphy’s Alydar Capital had the largest position in Allot Communications Ltd. (NASDAQ:ALLT), worth close to $30 million, accounting for 2.4% of its total 13F portfolio. Coming in second is Columbus Circle Investors, managed by Donald Chiboucis, which held a $13 million position; 0% of its 13F portfolio is allocated to the company. Remaining hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Israel Englander’s Millennium Management and Mike Vranos’s Ellington.

Due to the fact that Allot Communications Ltd. (NASDAQ:ALLT) has faced bearish sentiment from the entirety of the hedge funds we track, logic holds that there exists a select few fund managers that elected to cut their entire stakes last quarter. At the top of the heap, Drew Cupps’s Cupps Capital Management dropped the largest investment of all the hedgies we monitor, totaling close to $8 million in stock., and Richard Driehaus of Driehaus Capital was right behind this move, as the fund cut about $5 million worth. These bearish behaviors are interesting, as total hedge fund interest was cut by 1 funds last quarter.

Insider trading activity in Allot Communications Ltd. (NASDAQ:ALLT)

Insider buying is most useful when the company we’re looking at has seen transactions within the past half-year. Over the latest 180-day time frame, Allot Communications Ltd. (NASDAQ:ALLT) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Allot Communications Ltd. (NASDAQ:ALLT). These stocks are Exfo Inc (NASDAQ:EXFO), Sierra Wireless, Inc. (USA) (NASDAQ:SWIR), Comtech Telecomm. Corp. (NASDAQ:CMTL), Calix Inc (NYSE:CALX), and CalAmp Corp. (NASDAQ:CAMP). All of these stocks are in the communication equipment industry and their market caps are similar to ALLT’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!