41,686 Shares in AudioCodes Ltd. (NASDAQ:AUDC) Bought by Jane Street Group LLC

Jane Street Group LLC bought a new position in shares of AudioCodes Ltd. (NASDAQ:AUDC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 41,686 shares of the communications equipment provider's stock, valued at approximately $406,000. Jane Street Group LLC owned 0.14% of AudioCodes as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AUDC. Bank of New York Mellon Corp increased its holdings in AudioCodes by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 52,309 shares of the communications equipment provider's stock worth $509,000 after purchasing an additional 1,419 shares in the last quarter. Blue Trust Inc. boosted its position in shares of AudioCodes by 151.8% during the fourth quarter. Blue Trust Inc. now owns 3,624 shares of the communications equipment provider's stock worth $35,000 after buying an additional 2,185 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of AudioCodes by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 230,526 shares of the communications equipment provider's stock worth $2,245,000 after buying an additional 12,090 shares in the last quarter. Norges Bank bought a new position in shares of AudioCodes during the fourth quarter worth about $120,000. Finally, Senvest Management LLC raised its position in AudioCodes by 0.8% in the 4th quarter. Senvest Management LLC now owns 2,601,756 shares of the communications equipment provider's stock valued at $25,341,000 after buying an additional 21,308 shares during the last quarter. 68.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays upped their price target on AudioCodes from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating and set a $12.50 target price on shares of AudioCodes in a report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of AudioCodes from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th.

AudioCodes Stock Performance

NASDAQ AUDC traded down $0.08 during trading hours on Wednesday, hitting $9.48. 60,656 shares of the company traded hands, compared to its average volume of 85,610. The business's 50-day moving average is $9.03 and its 200-day moving average is $9.80. The stock has a market capitalization of $281.37 million, a price-to-earnings ratio of 18.96 and a beta of 0.94. AudioCodes Ltd. has a twelve month low of $7.70 and a twelve month 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.