Mitsubishi UFJ Asset Management Co. Ltd. Buys 396 Shares of Azenta, Inc. (NASDAQ:AZTA)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Azenta, Inc. (NASDAQ:AZTA) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,842 shares of the company’s stock after purchasing an additional 396 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Azenta were worth $168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Azenta by 788.1% in the first quarter. Farther Finance Advisors LLC now owns 968 shares of the company’s stock valued at $33,000 after purchasing an additional 859 shares during the last quarter. Quarry LP bought a new stake in Azenta in the fourth quarter valued at approximately $110,000. Sterling Capital Management LLC lifted its position in Azenta by 39.8% in the fourth quarter. Sterling Capital Management LLC now owns 2,856 shares of the company’s stock valued at $143,000 after purchasing an additional 813 shares during the last quarter. Deutsche Bank AG lifted its position in Azenta by 28.5% in the fourth quarter. Deutsche Bank AG now owns 4,199 shares of the company’s stock valued at $210,000 after purchasing an additional 931 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Azenta during the fourth quarter valued at approximately $218,000. Institutional investors own 99.08% of the company’s stock.

Analysts Set New Price Targets

AZTA has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their target price on Azenta from $59.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Stephens initiated coverage on Azenta in a report on Tuesday, July 22nd. They set an “equal weight” rating and a $35.00 target price for the company. Raymond James Financial upgraded Azenta from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Wednesday, August 6th. Finally, Evercore ISI set a $33.00 target price on Azenta and gave the company an “in-line” rating in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.75.

Azenta Trading Down 4.6%

AZTA opened at $30.59 on Friday. The stock has a fifty day simple moving average of $31.28 and a two-hundred day simple moving average of $33.80. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -12.64 and a beta of 1.59. Azenta, Inc. has a 12-month low of $23.91 and a 12-month high of $55.63.

Azenta (NASDAQ:AZTA) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $143.94 million during the quarter, compared to the consensus estimate of $149.64 million. Azenta had a positive return on equity of 1.35% and a negative net margin of 18.45%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, analysts predict that Azenta, Inc. will post 0.53 EPS for the current year.

About Azenta

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.