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.
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.
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% |
Page 1 of 12 – SEC Filing
| [ ] | Rule 13d-1(b) |
| [X] | Rule 13d-1(c) |
| [ ] | Rule 13d-1(d) |
DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks
If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.
Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
What We’re Watching For In The Upcoming Catabasis Pharmaceuticals Inc (CATB...
Movers and Shakers in Biotech: Global Blood Therapeutics Inc (GBT) and Eleven...
Hedge Fund News: David Tepper, Ray Dalio, Jana Partners
Buckingham Capital Loads Up On Its Top Consumer Stock Picks
5 Stocks Added to Seth Klarman’s Portfolio Last Quarter
These 5 Small-Cap Stocks Have Bares Capital’s Attention
