SCHEDULE 13G/A: Kanen Wealth Management and Affiliates Disclose Over 10% Stake in Allot Ltd.

Kanen Wealth Management LLC and its affiliated funds, Philotimo Fund LP and Philotimo Focused Growth & Income Fund, along with David L. Kanen, have collectively reported a beneficial ownership of 10.5% in Allot Ltd. as of June 12, 2025.

Summary

• Philotimo Fund, LP, Philotimo Focused Growth & Income Fund, Kanen Wealth Management LLC, and David L. Kanen (collectively, the "Reporting Persons") have filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Allot Ltd.
• As of June 12, 2025, the Reporting Persons collectively beneficially own 4,163,573 Ordinary Shares of Allot Ltd.
• This aggregate ownership represents approximately 10.5% of Allot Ltd.'s outstanding shares.
• The total number of outstanding shares used for calculation is 39,692,814, as reported by Allot Ltd. in its Form 20-F filed on March 27, 2025.
• Kanen Wealth Management LLC serves as the general partner for Philotimo Fund, LP, and as the investment manager for Philotimo Focused Growth & Income Fund and certain separately managed accounts.
• David L. Kanen is the managing member of Kanen Wealth Management LLC and directly owns a portion of the shares.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, except for activities related to a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: This is a factual regulatory filing disclosing beneficial ownership. It does not contain subjective language or performance data that would indicate a positive or negative sentiment.

Positives

• Disclosure of a significant stake by an investment group (Kanen Wealth Management and affiliates) provides transparency to the market regarding the company's ownership structure.
• The accumulation of a 10.5% stake by an institutional investor group could be interpreted by some as a vote of confidence in Allot Ltd.'s value or future prospects.

Negatives

• The filing itself does not contain any negative information regarding Allot Ltd.'s operations, financial performance, or strategic direction. It is purely an ownership disclosure.

Risks

• The document does not disclose any specific operational, financial, or strategic risks pertaining to Allot Ltd. It is a disclosure of beneficial ownership.

Future Outlook

NA

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 filing is a standard disclosure of a significant ownership stake by an investment group in a publicly traded company. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and potentially signal activist interest or confidence.

Key Dates

Keywords

Allot Ltd., Beneficial Ownership, Schedule 13G, SEC Filing, Kanen Wealth Management, Philotimo Fund, Institutional Investor, Shareholder Stake, Public Disclosure