Jane Street Group LLC Lowers Position in AudioCodes Ltd. (AUDC)

Jane Street Group LLC cut its holdings in AudioCodes Ltd. (NASDAQ:AUDC) by 28.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,141 shares of the communications equipment provider’s stock after selling 3,957 shares during the quarter. Jane Street Group LLC’s holdings in AudioCodes were worth $100,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in AudioCodes by 119.4% in the fourth quarter. BlackRock Inc. now owns 6,061 shares of the communications equipment provider’s stock worth $60,000 after acquiring an additional 3,299 shares during the period. D. E. Shaw & Co. Inc. bought a new position in AudioCodes in the fourth quarter worth about $121,000. RHS Financial LLC bought a new position in AudioCodes in the fourth quarter worth about $130,000. Barclays PLC raised its holdings in AudioCodes by 137.9% in the fourth quarter. Barclays PLC now owns 15,690 shares of the communications equipment provider’s stock worth $155,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in AudioCodes by 580.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,000 shares of the communications equipment provider’s stock worth $168,000 after purchasing an additional 14,500 shares in the last quarter. 33.27% of the stock is owned by institutional investors.

Shares of AudioCodes stock opened at $16.02 on Friday. The stock has a market capitalization of $470.14 million, a price-to-earnings ratio of 28.61 and a beta of 0.77. The company has a quick ratio of 1.67, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. AudioCodes Ltd. has a one year low of $6.71 and a one year high of $16.35.

AudioCodes (NASDAQ:AUDC) last announced its earnings results on Monday, January 28th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $45.78 million during the quarter. AudioCodes had a net margin of 7.66% and a return on equity of 18.09%.

A number of brokerages have commented on AUDC. BidaskClub upgraded shares of AudioCodes from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. ValuEngine upgraded shares of AudioCodes from a “hold” rating to a “buy” rating in a report on Friday, January 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. AudioCodes currently has a consensus rating of “Buy” and an average price target of $9.00.

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About AudioCodes

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments; MobilityPLUS, a mobile VoIP solution; VocaNOM call routing products; SmartTAP call recording products; Auto Attendant, a tool for managing inbound calls and delivery services; Fax Server, a tool for managing inbound and outbound enterprise fax transmissions; SIP Phone Support, a value-added application for SBC and gateways; signal processor chips; communications boards; and voice and data logging hardware integration board products.

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Institutional Ownership by Quarter for AudioCodes (NASDAQ:AUDC)

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