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

Published on August 16, 2016 at 11:22 am by Insider Monkey Staff in Hedge Funds, News

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%

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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
Page 1 of 12 Pages
Exhibit Index: Page 9

Page 2 of 12 – SEC Filing

1.
Names of Reporting Persons
SOROS FUND MANAGEMENT LLC
2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.
[   ]
b.
[X]
3.
SEC Use Only
4.
Citizenship or Place of Organization
DELAWARE
5.
Sole Voting Power
Number of
Shares
2,211,314
Beneficially
Owned By
Each
6.
Shared Voting Power
0
Reporting
Person
With
7.
Sole Dispositive Power
2,211,314
8.
Shared Dispositive Power
0
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,211,314
10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[   ]
11.
Percent of Class Represented By Amount in Row (9)
6.61%
12.
Type of Reporting Person (See Instructions)
OO

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Page 3 of 12 – SEC Filing

1.
Names of Reporting Persons
GEORGE SOROS
2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.
[   ]
b.
[X]
3.
SEC Use Only
4.
Citizenship or Place of Organization
UNITED STATES
5.
Sole Voting Power
Number of
Shares
0
Beneficially
Owned By
Each
6.
Shared Voting Power
2,211,314
Reporting
Person
With
7.
Sole Dispositive Power
0
8.
Shared Dispositive Power
2,211,314
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,211,314
10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[   ]
11.
Percent of Class Represented By Amount in Row (9)
6.61%
12.
Type of Reporting Person (See Instructions)
IN

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Page 4 of 12 – SEC Filing

1.
Names of Reporting Persons
ROBERT SOROS
2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.
[   ]
b.
[X]
3.
SEC Use Only
4.
Citizenship or Place of Organization
UNITED STATES
5.
Sole Voting Power
Number of
Shares
0
Beneficially
Owned By
Each
6.
Shared Voting Power
2,211,314
Reporting
Person
With
7.
Sole Dispositive Power
0
8.
Shared Dispositive Power
2,211,314
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,211,314
10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[   ]
11.
Percent of Class Represented By Amount in Row (9)
6.61%
12.
Type of Reporting Person (See Instructions)
IN

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Page 5 of 12 – SEC Filing

Item 1(a).
Name of Issuer:
Allot Communications Ltd. (the “Issuer”).
Item 1(b).
Address of the Issuer’s Principal Executive Offices:
22 Hanagar Street
Neve Ne’eman Industrial Zone B
Hod-Hasharon 4501317 Israel
Item 2(a).
Name of Person Filing
The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
i)
Soros Fund Management LLC (“SFM LLC”);
ii)
George Soros; and
iii)
Robert Soros.
This statement relates to Shares (as defined herein) held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership (“Quantum Partners”).  SFM LLC serves as principal investment manager to Quantum Partners.  As such, SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners.  George Soros serves as Chairman of SFM LLC and Robert Soros serves as President and Deputy Chairman of SFM LLC.
Item 2(b).
Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of the Reporting Persons is 250 West 55th Street, 38th Floor, New York, NY 10019.
Item 2(c).
Citizenship:
i)
SFM LLC is a Delaware limited liability company;
ii)
George Soros is a United States citizen; and
iii)
Robert Soros is a United States citizen.
Item 2(d).
Title of Class of Securities:
Ordinary Shares, par value NIS 0.10 per share (the “Shares”).
Item 2(e).
CUSIP Number:
M0854Q105

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Page 6 of 12 – SEC Filing

Item 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
This Item 3 is not applicable.
Item 4.
Ownership:
Item 4(a).
Amount Beneficially Owned:
As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of 2,211,314 Shares.
Item 4(b).
Percent of Class:
As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of approximately 6.61% of the total number of Shares outstanding.
Item 4(c).
Number of shares as to which such person has:
SFM LLC
(i)
Sole power to vote or direct the vote
2,211,314
(ii)
Shared power to vote or to direct the vote
0
(iii)
Sole power to dispose or to direct the disposition of
2,211,314
(iv)
Shared power to dispose or to direct the disposition of
0
George Soros
(i)
Sole power to vote or direct the vote
0
(ii)
Shared power to vote or to direct the vote
2,211,314
(iii)
Sole power to dispose or to direct the disposition of
0
(iv)
Shared power to dispose or to direct the disposition of
2,211,314
Robert Soros
(i)
Sole power to vote or direct the vote
0
(ii)
Shared power to vote or to direct the vote
2,211,314
(iii)
Sole power to dispose or to direct the disposition of
0
(iv)
Shared power to dispose or to direct the disposition of
2,211,314

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Page 7 of 12 – SEC Filing

Item 5.
Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
The partners of Quantum Partners are entitled to receive, or have the power to direct, the receipt of dividends from or the proceeds of sales of the Shares held for the account of Quantum Partners, in accordance with their ownership interests in Quantum Partners.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
This Item 7 is not applicable.
Item 8.
Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9.
Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10.
Certification:
By signing below each of the Reporting Persons certifies that, to the best of such person’s 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 such purpose or effect.

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Page 8 of 12 – SEC Filing

SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date:  August 15, 2016
SOROS FUND MANAGEMENT LLC
By:          /s/ Regan O’Neill
Regan O’Neill
Assistant General Counsel
Date:  August 15, 2016
GEORGE SOROS
By:          /s/ Regan O’Neill
Regan O’Neill
Attorney-in-Fact
Date:  August 15, 2016
ROBERT SOROS
By:          /s/ Regan O’Neill
Regan O’Neill
Attorney-in-Fact

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Page 9 of 12 – SEC Filing

EXHIBIT INDEX
Page No.
A.
Joint Filing Agreement, dated as of August 15, 2016, by and among Soros Fund Management LLC, George Soros, and Robert Soros
10
B.
Power of Attorney, dated as of November 24, 2015, granted by George Soros in favor of Maryann Canfield, Jodye Anzalotta, Jay Schoenfarber, Thomas O’Grady, Regan O’Neill and Robert Soros
11
C.
P Power of Attorney, dated as of November 30, 2015, granted by Robert Soros in favor of Maryann Canfield, Jodye Anzalotta, Jay Schoenfarber, Thomas O’Grady and Regan O’Neill
12

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Page 10 of 12 – SEC Filing

EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Schedule 13G with respect to the Ordinary Shares, par value NIS 0.10 per share, of Allot Communications Ltd., dated as of August 15, 2016, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
Date:  August 15, 2016
SOROS FUND MANAGEMENT LLC
By:          /s/ Regan O’Neill
Regan O’Neill
Assistant General Counsel
Date:  August 15, 2016
GEORGE SOROS
By:          /s/ Regan O’Neill
Regan O’Neill
Attorney-in-Fact
Date:  August 15, 2016
ROBERT SOROS
By:          /s/ Regan O’Neill
Regan O’Neill
Attorney-in-Fact

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Page 11 of 12 – SEC Filing

EXHIBIT B
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make, constitute and appoint each of MARYANN CANFIELD, JODYE ANZALOTTA, JAY SCHOENFARBER THOMAS O’GRADY, REGAN O’NEILL and ROBERT SOROS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodities Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
Execution of this power of attorney revokes that certain Power of Attorney dated as of the 26th day of June, 2009 with respect to the same matters addressed above.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 24th day of November, 2015.
GEORGE SOROS
/s/ Daniel Eule
Daniel Eule
Attorney-in-Fact for George Soros

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Page 12 of 12 – SEC Filing

EXHIBIT C
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that I, ROBERT SOROS, hereby make, constitute and appoint each of MARYANN CANFIELD, JODYE ANZALOTTA, JAY SCHOENFARBER, THOMAS O’GRADY and REGAN O’NEILL, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodities Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
Execution of this power of attorney revokes that certain Power of Attorney dated as of the 3rd day of October, 2007 with respect to the same matters addressed above.
This power of attorney shall be valid from the date hereof until revoked by me.
IN WITNESS WHEREOF, I have executed this instrument as of the 30th day of November, 2015.
ROBERT SOROS
/s/ Robert Soros

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