William Blair Amends AudioCodes Stake to 4.7% as of Dec 31, 2023

TL;DR

**William Blair updated their AudioCodes stake to 4.7% as of year-end 2023.**

AI Summary

William Blair Investment Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in AudioCodes Ltd. As of December 31, 2023, William Blair beneficially owned 1,536,371 shares of AudioCodes' Common Stock, representing 4.7% of the company. This is an update to their previous filing, indicating a change in their holdings, which is important for investors to track institutional interest in the stock.

Why It Matters

This filing shows that a significant institutional investor, William Blair, still holds a notable stake in AudioCodes, which can influence investor confidence and stock liquidity.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not indicate any immediate financial risk to the company or its investors.

Analyst Insight

Investors should note William Blair's continued, albeit slightly adjusted, significant stake in AudioCodes, which could signal ongoing institutional confidence or a strategic position. This information can be used to track institutional sentiment and potentially inform investment decisions.

Key Numbers

• 1,536,371 — Aggregate Shares Beneficially Owned (This is the total number of AudioCodes shares William Blair Investment Management, LLC reported owning.)
• 4.7% — Percentage of Class (This represents the portion of AudioCodes' Common Stock owned by William Blair Investment Management, LLC.)
• 924,753 — Sole Voting Power (The number of shares William Blair Investment Management, LLC has the sole right to vote.)

Key Players & Entities

• William Blair Investment Management, LLC (company) — the reporting person and institutional investor
• AudioCodes Ltd (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for William Blair Investment Management, LLC
• December 31, 2023 (date) — the date of the event requiring the filing

FAQ

Filing Documents

• tm245766d22_sc13ga.htm (SC 13G/A) — 51KB
• 0001104659-24-015415.txt ( ) — 53KB

(a)

Item 1(a). Name of Issuer: AudioCodes Ltd

(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: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: M15342104 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) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: M15342104 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,536,371 (b) Percent of class: 4.9% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 924,753 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,536,371 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

View Full Filing

View this SC 13G/A filing on SEC EDGAR