D. E. Shaw & Co. Inc. Acquires 30,611 Shares of AudioCodes Ltd. (NASDAQ:AUDC)

D. E. Shaw & Co. Inc. grew its holdings in shares of AudioCodes Ltd. (NASDAQ:AUDC - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 190,338 shares of the communications equipment provider's stock after purchasing an additional 30,611 shares during the period. D. E. Shaw & Co. Inc. owned about 0.63% of AudioCodes worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AUDC. Value Base Ltd. acquired a new position in shares of AudioCodes during the 4th quarter worth approximately $19,665,000. Arrowstreet Capital Limited Partnership boosted its position in shares of AudioCodes by 55.4% during the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of AudioCodes by 95.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 104,037 shares of the communications equipment provider's stock worth $1,012,000 after acquiring an additional 50,704 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of AudioCodes during the 4th quarter worth approximately $406,000. Finally, Trexquant Investment LP boosted its position in shares of AudioCodes by 41.7% during the 4th quarter. Trexquant Investment LP now owns 107,475 shares of the communications equipment provider's stock worth $1,047,000 after acquiring an additional 31,622 shares in the last quarter. Institutional investors and hedge funds own 68.05% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AUDC. Needham & Company LLC reiterated a "buy" rating and set a $12.50 price target on shares of AudioCodes in a research report on Wednesday, May 7th. Barclays increased their price target on shares of AudioCodes from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 5th. Finally, Wall Street Zen downgraded shares of AudioCodes from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th.

AudioCodes Trading Up 3.4%

NASDAQ:AUDC traded up $0.31 on Tuesday, hitting $9.28. The company had a trading volume of 47,229 shares, compared to its average volume of 85,714. The stock has a market capitalization of $275.28 million, a price-to-earnings ratio of 18.58 and a beta of 0.94. The firm has a 50 day moving average of $9.09 and a two-hundred day moving average of $9.77. AudioCodes Ltd. has a 52 week low of $7.70 and a 52 week high of $12.72.

AudioCodes Company Profile

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.