Public Employees Retirement System of Ohio Invests $595,000 in AudioCodes Ltd. (NASDAQ:AUDC)

Public Employees Retirement System of Ohio bought a new stake in AudioCodes Ltd. (NASDAQ:AUDC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,195 shares of the communications equipment provider's stock, valued at approximately $595,000. Public Employees Retirement System of Ohio owned 0.20% of AudioCodes as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in AudioCodes during the second quarter worth about $143,000. Marshall Wace LLP lifted its holdings in shares of AudioCodes by 37.5% during the 2nd quarter. Marshall Wace LLP now owns 25,683 shares of the communications equipment provider's stock valued at $267,000 after purchasing an additional 7,009 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $551,000 after purchasing an additional 5,389 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 worth $893,000 after purchasing an additional 9,150 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in AudioCodes during the 2nd quarter worth approximately $1,123,000. Institutional investors own 68.05% of the company's stock.

AudioCodes Price Performance

AUDC stock traded up $0.32 during midday trading on Friday, reaching $9.36. 96,895 shares of the stock were exchanged, compared to its average volume of 77,613. The stock has a market capitalization of $282.83 million, a PE ratio of 23.40 and a beta of 0.84. AudioCodes Ltd. has a 52 week low of $7.70 and a 52 week high of $14.45. The company has a fifty day moving average price of $9.11 and a 200 day moving average price of $9.85.

Analysts Set New Price Targets

AUDC has been the subject of several research analyst reports. Needham & Company LLC reduced their price target on shares of AudioCodes from $14.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Barclays reduced their target price 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. Finally, StockNews.com upgraded shares of AudioCodes from a "buy" rating to a "strong-buy" rating in a research report on Monday, December 16th.

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.