Senvest Management Maintains Significant Stake in AudioCodes (AUDC)

TL;DR

**Senvest Management is still a big holder of AudioCodes, showing confidence.**

AI Summary

Senvest Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, indicating its beneficial ownership of AudioCodes Ltd. ordinary shares as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant stake in the telecommunications equipment company. This matters to investors because Senvest Management, LLC is a large institutional investor, and their continued holding suggests confidence in AudioCodes' future, potentially influencing other investors' perceptions.

Why It Matters

This filing confirms a major institutional investor, Senvest Management, LLC, continues to hold a substantial position in AudioCodes Ltd., signaling their ongoing belief in the company's value.

Risk Assessment

Risk Level: low — This is an amendment to a routine filing, indicating no immediate significant change in ownership that would pose a high risk.

Analyst Insight

An investor should note that a significant institutional holder like Senvest Management, LLC, continues to maintain its position in AudioCodes Ltd. This could be seen as a vote of confidence, but further research into Senvest's investment thesis and AudioCodes' fundamentals is warranted before making investment decisions.

Key Players & Entities

• Senvest Management, LLC (company) — the reporting person and beneficial owner of AudioCodes Ltd. shares
• AudioCodes Ltd. (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for Senvest Management, LLC
• December 31, 2023 (date) — the date of the event which requires the filing of this statement
• February 9, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

Filing Documents

• p24-0216sc13ga.htm (SC 13G/A) — 57KB
• 0000902664-24-001367.txt ( ) — 59KB

(a)

Item 1(a). Name of Issuer. AudioCodes Ltd. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 1 Hayarden Street Airport City, Lod 7019900, Israel

(a)

Item 2(a). Name of Person Filing. This statement is filed by Senvest Management, LLC and Richard Mashaal. The reported securities are held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the " Investment Vehicles "). Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). Address of Principal Business Office. Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022

(c)

Item 2(c). Place of Organization. Senvest Management, LLC – Delaware Richard Mashaal – Canada

(d)

Item 2(d). Title of Class of Securities. Ordinary shares, nominal value NIS 0.01 per share (" Ordinary Shares ")

(e)

Item 2(e). CUSIP Number. M15342104 CUSIP No. M15342104 13G/A Page 5 of 7 Pages Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages set forth in this Schedule 13G/A are calculated based upon an aggregate of 31,114,731 Ordinary Shares outstanding as of September 19, 2023, as reported in Exhibit 99.1 attached to the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on Septe

View Full Filing

View this SC 13G/A filing on SEC EDGAR