Two Sigma Investments LP Acquires 80,986 Shares of AudioCodes (AUDC)

Two Sigma Investments LP boosted its position in shares of AudioCodes (NASDAQ:AUDC) by 133.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,505 shares of the communications equipment provider’s stock after buying an additional 80,986 shares during the quarter. Two Sigma Investments LP owned 0.49% of AudioCodes worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUDC. Macquarie Group Ltd. purchased a new position in AudioCodes during the third quarter worth $713,000. Trexquant Investment LP bought a new stake in shares of AudioCodes during the third quarter worth $123,000. Acadian Asset Management LLC lifted its position in shares of AudioCodes by 34.9% during the fourth quarter. Acadian Asset Management LLC now owns 859,182 shares of the communications equipment provider’s stock worth $6,325,000 after purchasing an additional 222,430 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of AudioCodes during the fourth quarter worth $268,000. Finally, ARK Investment Management LLC bought a new stake in shares of AudioCodes during the fourth quarter worth $227,000. 26.25% of the stock is owned by institutional investors.

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Several analysts have recently weighed in on the company. Zacks Investment Research upgraded AudioCodes from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, February 5th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price (up from $8.50) on shares of AudioCodes in a research report on Thursday, January 25th. Finally, William Blair reiterated an “outperform” rating on shares of AudioCodes in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.08.

NASDAQ:AUDC opened at $6.72 on Monday. AudioCodes has a twelve month low of $5.83 and a twelve month high of $8.43. The firm has a market cap of $192.38, a PE ratio of 21.68 and a beta of 0.37. The company has a quick ratio of 1.34, a current ratio of 1.71 and a debt-to-equity ratio of 0.07.

AudioCodes (NASDAQ:AUDC) last released its earnings results on Wednesday, January 24th. The communications equipment provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. AudioCodes had a return on equity of 9.82% and a net margin of 2.57%. The business had revenue of $41.40 million during the quarter, compared to the consensus estimate of $40.30 million. During the same period last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. sell-side analysts anticipate that AudioCodes will post 0.3 earnings per share for the current year.

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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 VoIPs, and cloud virtualized data centers worldwide. It deploys its products through broadband, mobile, cable, and enterprise networks.

Institutional Ownership by Quarter for AudioCodes (NASDAQ:AUDC)

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