Assenagon Asset Management S.A. lessened its holdings in AudioCodes Ltd. (NASDAQ:AUDC – Free Report) by 55.4% in the fourth quarter, Holdings Channel reports. The firm owned 73,914 shares of the communications equipment provider’s stock after selling 91,684 shares during the period. Assenagon Asset Management S.A.’s holdings in AudioCodes were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in AUDC. XTX Topco Ltd bought a new position in AudioCodes during the second quarter valued at about $143,000. DGS Capital Management LLC raised its position in AudioCodes by 72.8% in the third quarter. DGS Capital Management LLC now owns 21,672 shares of the communications equipment provider’s stock worth $211,000 after acquiring an additional 9,133 shares during the period. Marshall Wace LLP boosted its stake in AudioCodes by 37.5% in the second quarter. Marshall Wace LLP now owns 25,683 shares of the communications equipment provider’s stock valued at $267,000 after acquiring an additional 7,009 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of AudioCodes during the 3rd quarter valued at approximately $595,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of AudioCodes by 11.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,287 shares of the communications equipment provider’s stock worth $893,000 after purchasing an additional 9,150 shares during the last quarter. 68.05% of the stock is owned by hedge funds and other institutional investors.
AudioCodes Trading Up 0.2 %
Shares of AUDC stock opened at $10.86 on Friday. AudioCodes Ltd. has a 12 month low of $7.70 and a 12 month high of $14.45. The stock has a market capitalization of $328.19 million, a P/E ratio of 27.15 and a beta of 0.81. The firm’s 50 day moving average is $9.67 and its 200 day moving average is $9.85.
Analyst Ratings Changes
Read Our Latest Stock Report on AUDC
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.
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