SCHEDULE 13G/A: Investment Funds Correct Beneficial Ownership Stake in Allot Ltd., Revealing 9.5% Group Holding

Philotimo Fund, Philotimo Focused Growth & Income Fund, Kanen Wealth Management LLC, and David L. Kanen have filed an amended Schedule 13G to correct previously reported beneficial ownership of Allot Ltd. shares, confirming a combined 9.5% stake.

Summary

• This filing is Amendment No. 3 to a Schedule 13G, primarily filed to correct inadvertent errors in beneficial ownership information previously reported in Amendment No. 2 on May 15, 2025.
• As of March 31, 2025, Philotimo Fund, LP beneficially owned 2,150,000 Ordinary Shares of Allot Ltd., representing approximately 5.4% of the outstanding shares.
• Philotimo Focused Growth & Income Fund (PHLOX) beneficially owned 1,087,642 Ordinary Shares, representing approximately 2.7% of the outstanding shares.
• Kanen Wealth Management LLC (KWM) beneficially owned 3,785,677 Ordinary Shares, which includes shares held by Philotimo, PHLOX, and 548,035 shares in separately managed accounts. This represents approximately 9.5% of the outstanding shares.
• David L. Kanen also beneficially owned 3,785,677 Ordinary Shares, reflecting his role as managing member of KWM, and thus indirectly owning shares held by Philotimo, PHLOX, and the Managed Accounts, also representing approximately 9.5% of the outstanding shares.
• The Reporting Persons (Philotimo Fund, PHLOX, KWM, and David L. Kanen) constitute a 'group' for SEC purposes, collectively beneficially owning 3,785,677 shares, or approximately 9.5% of Allot Ltd.'s outstanding shares.
• The total number of outstanding shares used for percentage calculation is 39,692,814 as of March 3, 2025, as reported in Allot Ltd.'s Form 20-F filed on March 27, 2025.
• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The filing is a routine compliance update correcting previously reported beneficial ownership information. It is a factual disclosure and does not inherently convey positive or negative sentiment regarding the company's operational performance or outlook.

Positives

• The filing demonstrates transparency by correcting previously reported information, ensuring accuracy in public disclosures.
• It confirms a significant, albeit passive, institutional holding in Allot Ltd., which can be viewed as a vote of confidence by these investors.

Negatives

• The need for an amendment indicates an initial error in reporting beneficial ownership, which required correction.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Allot Ltd.'s future performance or strategic direction. It is solely a compliance filing related to beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This Schedule 13G filing is a routine compliance document indicating a significant passive investment by a group of funds and an individual in Allot Ltd., a company operating in the network intelligence and security solutions industry. It does not provide specific insights into broader industry trends or competitive landscape, but rather reflects an investor's position within the sector.

Stakeholder Impact

• Shareholders: Provides clarified and accurate information regarding significant institutional ownership stakes.
• Regulatory Authorities: Ensures compliance with SEC disclosure requirements for beneficial ownership.

Key Dates

Keywords

Allot Ltd, Schedule 13G, Beneficial Ownership, Philotimo Fund, Kanen Wealth Management, Institutional Investor, Passive Investment, SEC Filing, Ordinary Shares, M0854Q105