Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of Azenta, Inc. (NASDAQ:AZTA) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,975 shares of the company’s stock after selling 2,581 shares during the period. Arizona State Retirement System’s holdings in Azenta were worth $1,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in Azenta by 558.8% during the third quarter. Citigroup Inc. now owns 88,078 shares of the company’s stock worth $4,421,000 after purchasing an additional 74,708 shares during the last quarter. Millrace Asset Group Inc. acquired a new position in Azenta during the third quarter worth $1,074,000. Trexquant Investment LP acquired a new position in Azenta during the third quarter worth $860,000. Invesco Ltd. raised its holdings in Azenta by 35.4% during the third quarter. Invesco Ltd. now owns 331,012 shares of the company’s stock worth $16,613,000 after purchasing an additional 86,477 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Azenta during the third quarter worth $220,000. 99.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AZTA shares. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price target on shares of Azenta in a report on Monday, April 8th. Stephens reissued an “equal weight” rating and issued a $70.00 price target on shares of Azenta in a report on Thursday, February 8th. Evercore ISI cut their price target on Azenta from $64.00 to $60.00 and set an “in-line” rating for the company in a report on Thursday, April 4th. B. Riley boosted their price target on Azenta from $61.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Jefferies Financial Group started coverage on Azenta in a report on Thursday, April 4th. They issued a “hold” rating and a $64.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.60.

Azenta Stock Down 2.2 %

Shares of NASDAQ:AZTA opened at $53.55 on Tuesday. The company has a market cap of $2.99 billion, a P/E ratio of -172.74 and a beta of 1.53. Azenta, Inc. has a 52 week low of $36.01 and a 52 week high of $69.16. The business has a fifty day simple moving average of $61.81 and a 200-day simple moving average of $59.01.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.02 EPS for the quarter. The business had revenue of $154.32 million during the quarter, compared to the consensus estimate of $151.86 million. Azenta had a positive return on equity of 0.49% and a negative net margin of 2.92%. Sell-side analysts expect that Azenta, Inc. will post 0.27 earnings per share 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.