Azenta, Inc. (NASDAQ:AZTA) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in shares of Azenta, Inc. (NASDAQ:AZTA) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,339 shares of the company’s stock after acquiring an additional 230 shares during the period. Retirement Systems of Alabama owned about 0.14% of Azenta worth $4,908,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Azenta during the 3rd quarter worth $33,000. Neo Ivy Capital Management acquired a new position in Azenta during the 3rd quarter worth $73,000. Allworth Financial LP grew its holdings in Azenta by 273.1% during the 4th quarter. Allworth Financial LP now owns 1,634 shares of the company’s stock worth $106,000 after acquiring an additional 1,196 shares in the last quarter. GAMMA Investing LLC acquired a new position in Azenta during the 4th quarter worth $110,000. Finally, Covestor Ltd grew its holdings in Azenta by 17.5% during the 3rd quarter. Covestor Ltd now owns 1,714 shares of the company’s stock worth $86,000 after acquiring an additional 255 shares in the last quarter. 99.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AZTA has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Azenta in a report on Thursday, April 4th. They set a “hold” rating and a $64.00 price objective for the company. B. Riley lifted their price target on shares of Azenta from $61.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Evercore ISI decreased their price target on shares of Azenta from $64.00 to $60.00 and set an “in-line” rating for the company in a report on Thursday, April 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Azenta in a report on Monday, April 8th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $70.00 price target on shares of Azenta in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.60.

Azenta Stock Up 1.6 %

Azenta stock opened at $53.42 on Monday. The firm has a 50-day moving average price of $58.29 and a two-hundred day moving average price of $59.18. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -172.32 and a beta of 1.51. Azenta, Inc. has a 52-week low of $36.01 and a 52-week high of $69.16.

Azenta (NASDAQ:AZTA) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.02 EPS 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 for the quarter, compared to the consensus estimate of $151.86 million. Research analysts expect that Azenta, Inc. will post 0.27 earnings per share for the current year.

Azenta 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.