D. E. Shaw & Co. Inc. Boosts Holdings in AudioCodes Ltd. (NASDAQ:AUDC)

D. E. Shaw & Co. Inc. increased its stake in AudioCodes Ltd. (NASDAQ:AUDC - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,338 shares of the communications equipment provider's stock after purchasing an additional 30,611 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.63% of AudioCodes worth $1,854,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Value Base Ltd. bought a new position in shares of AudioCodes during the 4th quarter valued at $19,665,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of AudioCodes by 55.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 527,768 shares of the communications equipment provider's stock worth $5,187,000 after acquiring an additional 188,074 shares during the period. JPMorgan Chase & Co. increased its position in AudioCodes by 95.1% during the third quarter. JPMorgan Chase & Co. now owns 104,037 shares of the communications equipment provider's stock valued at $1,012,000 after acquiring an additional 50,704 shares during the last quarter. Jane Street Group LLC bought a new position in AudioCodes in the fourth quarter valued at about $406,000. Finally, Trexquant Investment LP lifted its holdings in AudioCodes by 41.7% in the fourth quarter. Trexquant Investment LP now owns 107,475 shares of the communications equipment provider's stock valued at $1,047,000 after acquiring an additional 31,622 shares during the period. Institutional investors own 68.05% of the company's stock.

Analyst Upgrades and Downgrades

AUDC has been the subject of a number of recent research reports. Wall Street Zen downgraded AudioCodes from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and set a $12.50 target price on shares of AudioCodes in a research report on Wednesday, May 7th. Finally, Barclays upped their target price on shares of AudioCodes from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Wednesday, February 5th.

AudioCodes Trading Up 4.6%

AudioCodes stock traded up $0.41 during trading on Tuesday, reaching $9.38. The company had a trading volume of 89,314 shares, compared to its average volume of 85,865. The firm has a market capitalization of $278.40 million, a price-to-earnings ratio of 18.76 and a beta of 0.94. The firm's 50-day simple moving average is $9.08 and its 200 day simple moving average is $9.77. AudioCodes Ltd. has a 52 week low of $7.70 and a 52 week high of $12.72.

About AudioCodes

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.