AudioCodes Ltd. (NASDAQ:AUDC) Position Trimmed by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in AudioCodes Ltd. (NASDAQ:AUDC) by 26.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,177 shares of the communications equipment provider’s stock after selling 3,570 shares during the quarter. XTX Topco Ltd’s holdings in AudioCodes were worth $99,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Marshall Wace LLP lifted its holdings in AudioCodes by 37.5% in the second quarter. Marshall Wace LLP now owns 25,683 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 7,009 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AudioCodes by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,105 shares of the communications equipment provider’s stock worth $551,000 after purchasing an additional 5,389 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 valued at $893,000 after purchasing an additional 9,150 shares during the period. Y.D. More Investments Ltd bought a new position in AudioCodes during the 2nd quarter worth $1,123,000. Finally, Assenagon Asset Management S.A. acquired a new stake in AudioCodes in the third quarter worth $1,618,000. Institutional investors own 68.05% of the company’s stock.

AudioCodes Price Performance

NASDAQ AUDC opened at $9.36 on Friday. AudioCodes Ltd. has a 12 month low of $7.70 and a 12 month high of $14.45. The firm has a market capitalization of $282.83 million, a PE ratio of 23.40 and a beta of 0.84. The company’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $9.85.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of AudioCodes from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, Needham & Company LLC cut their price target on AudioCodes from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

AudioCodes 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.