Retirement Systems of Alabama Purchases 230 Shares of Azenta, Inc. (NASDAQ:AZTA)

Retirement Systems of Alabama increased its position in shares of Azenta, Inc. (NASDAQ:AZTA) by 0.3% during the 4th quarter, Holdings Channel reports. The fund owned 75,339 shares of the company’s stock after buying an additional 230 shares during the quarter. Retirement Systems of Alabama’s holdings in Azenta were worth $4,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC boosted its stake in Azenta by 35.6% during the 4th quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock worth $58,000 after acquiring an additional 232 shares during the last quarter. Covestor Ltd lifted its stake in Azenta by 17.5% in the third quarter. Covestor Ltd now owns 1,714 shares of the company’s stock valued at $86,000 after buying an additional 255 shares in the last quarter. Raymond James & Associates lifted its stake in Azenta by 0.3% in the fourth quarter. Raymond James & Associates now owns 96,126 shares of the company’s stock valued at $6,262,000 after buying an additional 285 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Azenta by 8.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,100 shares of the company’s stock valued at $256,000 after buying an additional 408 shares in the last quarter. Finally, Townsquare Capital LLC lifted its stake in Azenta by 2.6% in the third quarter. Townsquare Capital LLC now owns 39,019 shares of the company’s stock valued at $1,958,000 after buying an additional 1,004 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AZTA. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Azenta in a research note on Monday, April 8th. Stephens reaffirmed an “equal weight” rating and issued a $70.00 price target on shares of Azenta in a research note on Thursday, February 8th. Jefferies Financial Group initiated coverage on shares of Azenta in a research note on Thursday, April 4th. They issued a “hold” rating and a $64.00 price target on the stock. Evercore ISI cut their price objective on shares of Azenta from $64.00 to $60.00 and set an “in-line” rating on the stock in a research report on Thursday, April 4th. Finally, B. Riley boosted their price objective on shares of Azenta from $61.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Four 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, Azenta has an average rating of “Hold” and an average target price of $69.60.

Azenta Stock Up 1.6 %

Shares of AZTA stock opened at $53.42 on Monday. The company’s fifty day simple moving average is $58.29 and its 200-day simple moving average is $59.18. The firm has a market cap of $2.98 billion, a PE ratio of -172.32 and a beta of 1.51. Azenta, Inc. has a 12 month low of $36.01 and a 12 month high of $69.16.

Azenta (NASDAQ:AZTA) last issued its earnings results 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 business had revenue of $154.32 million for the quarter, compared to the consensus estimate of $151.86 million. On average, equities analysts predict 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.