Dimensional Fund Advisors LP Has $2.25 Million Holdings in AudioCodes Ltd. (NASDAQ:AUDC)

Dimensional Fund Advisors LP raised its position in shares of AudioCodes Ltd. (NASDAQ:AUDC) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 230,526 shares of the communications equipment provider’s stock after purchasing an additional 12,090 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AudioCodes were worth $2,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Value Base Ltd. purchased a new position in AudioCodes during the fourth quarter worth about $19,665,000. Arrowstreet Capital Limited Partnership raised its stake in AudioCodes by 55.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 527,768 shares of the communications equipment provider’s stock valued at $5,187,000 after purchasing an additional 188,074 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AudioCodes by 95.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,037 shares of the communications equipment provider’s stock worth $1,012,000 after purchasing an additional 50,704 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of AudioCodes by 41.7% in the 4th quarter. Trexquant Investment LP now owns 107,475 shares of the communications equipment provider’s stock valued at $1,047,000 after acquiring an additional 31,622 shares during the last quarter. Finally, Senvest Management LLC lifted its holdings 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 worth $25,341,000 after buying an additional 21,308 shares during the period. 68.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AUDC shares. Needham & Company LLC reissued a “buy” rating and issued a $12.50 target price on shares of AudioCodes in a research note on Wednesday, May 7th. Barclays raised 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. Finally, StockNews.com lowered AudioCodes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th.

AudioCodes Price Performance

NASDAQ:AUDC opened at $8.90 on Thursday. The firm has a market capitalization of $264.15 million, a P/E ratio of 17.80 and a beta of 0.94. The company’s fifty day moving average price is $9.35 and its 200-day moving average price is $9.77. AudioCodes Ltd. has a 1-year low of $7.70 and a 1-year 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.