AudioCodes Ltd. (NASDAQ:AUDC) Shares Purchased by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. increased its position in shares of AudioCodes Ltd. (NASDAQ:AUDCGet Rating) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,755 shares of the communications equipment provider’s stock after acquiring an additional 920 shares during the quarter. Cascade Investment Advisors Inc. owned approximately 0.11% of AudioCodes worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of AudioCodes by 48.4% during the 4th quarter. JPMorgan Chase & Co. now owns 123,706 shares of the communications equipment provider’s stock valued at $4,297,000 after acquiring an additional 40,369 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of AudioCodes by 4.7% during the 4th quarter. Acadian Asset Management LLC now owns 457,327 shares of the communications equipment provider’s stock valued at $15,878,000 after acquiring an additional 20,656 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in AudioCodes by 30.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,602,398 shares of the communications equipment provider’s stock valued at $55,957,000 after buying an additional 369,380 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in AudioCodes by 41.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 171,597 shares of the communications equipment provider’s stock valued at $5,961,000 after buying an additional 50,251 shares during the last quarter. Finally, Yorktown Management & Research Co Inc lifted its position in AudioCodes by 4.5% in the fourth quarter. Yorktown Management & Research Co Inc now owns 46,000 shares of the communications equipment provider’s stock valued at $1,598,000 after buying an additional 2,000 shares during the last quarter. 51.35% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AUDC traded up $0.47 on Friday, reaching $20.59. 257,869 shares of the company’s stock were exchanged, compared to its average volume of 109,629. The firm has a market capitalization of $654.35 million, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.64. The business has a fifty day moving average of $24.79 and a 200-day moving average of $29.80. AudioCodes Ltd. has a 52-week low of $19.62 and a 52-week high of $37.35.

AudioCodes (NASDAQ:AUDCGet Rating) last issued its quarterly earnings results on Sunday, May 1st. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. AudioCodes had a net margin of 12.62% and a return on equity of 18.19%. During the same quarter last year, the firm earned $0.28 EPS. As a group, research analysts anticipate that AudioCodes Ltd. will post 1.05 EPS for the current year.

A number of research firms have commented on AUDC. Bank of America cut shares of AudioCodes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $25.00 in a research report on Monday, May 2nd. Sidoti raised shares of AudioCodes from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, January 31st. Zacks Investment Research cut shares of AudioCodes from a “hold” rating to a “sell” rating in a research report on Monday, May 9th. Barclays decreased their target price on shares of AudioCodes from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 26th. Finally, Needham & Company LLC decreased their target price on shares of AudioCodes from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.20.

AudioCodes Company Profile (Get Rating)

AudioCodes Ltd., together with its subsidiaries, provides advanced communications software, products, and productivity solutions for the digital workplace. It offers solutions, products, and applications for enterprise unified communications environments, work-from-home agents and contact centers, voice and telephony AI-based applications, and service provider business services.

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Institutional Ownership by Quarter for AudioCodes (NASDAQ:AUDC)

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