Vanguard Group Inc. Reduces Stock Holdings in Azenta, Inc. (NASDAQ:AZTA)

Vanguard Group Inc. lessened its stake in shares of Azenta, Inc. (NASDAQ:AZTA) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,039,959 shares of the company’s stock after selling 420,796 shares during the period. Vanguard Group Inc. owned approximately 10.84% of Azenta worth $303,146,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TFC Financial Management Inc. purchased a new stake in shares of Azenta in the third quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in Azenta in the 3rd quarter worth about $33,000. Huntington National Bank boosted its position in shares of Azenta by 35.3% during the second quarter. Huntington National Bank now owns 782 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the period. Pinebridge Investments L.P. bought a new position in shares of Azenta during the second quarter valued at approximately $38,000. Finally, State of Wyoming raised its holdings in shares of Azenta by 29.5% in the second quarter. State of Wyoming now owns 1,392 shares of the company’s stock worth $65,000 after buying an additional 317 shares during the period. 99.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stephens reaffirmed an “equal weight” rating and issued a $70.00 price objective on shares of Azenta in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Azenta in a research note on Thursday, March 14th. Finally, B. Riley lifted their price objective on shares of Azenta from $61.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.67.

Azenta Trading Up 1.8 %

Shares of AZTA stock opened at $59.43 on Thursday. Azenta, Inc. has a twelve month low of $36.01 and a twelve month high of $69.16. The stock has a fifty day simple moving average of $64.06 and a two-hundred day simple moving average of $58.23. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -191.70 and a beta of 1.54.

Azenta (NASDAQ:AZTA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.02 earnings per share for the quarter. Azenta had a negative net margin of 2.92% and a positive return on equity of 0.49%. The company had revenue of $154.32 million during the quarter, compared to analyst estimates of $151.86 million. Research analysts predict that Azenta, Inc. will post 0.28 EPS for the current fiscal year.

Azenta Company Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.