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

Retirement Systems of Alabama lowered its holdings in Azenta, Inc. (NASDAQ:AZTAFree Report) by 7.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,026 shares of the company’s stock after selling 5,313 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of Azenta worth $4,221,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Azenta by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,231,792 shares of the company’s stock worth $145,382,000 after acquiring an additional 530,408 shares in the last quarter. Norges Bank acquired a new position in Azenta during the 4th quarter worth approximately $140,856,000. Conestoga Capital Advisors LLC grew its holdings in Azenta by 13.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,291,284 shares of the company’s stock worth $84,114,000 after acquiring an additional 152,090 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Azenta by 1.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 887,158 shares of the company’s stock worth $57,789,000 after acquiring an additional 14,626 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Azenta by 14.6% during the 4th quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock worth $40,746,000 after acquiring an additional 79,913 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

Wall Street Analyst Weigh In

AZTA has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Needham & Company LLC reduced their price objective on shares of Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Jefferies Financial Group began coverage on shares of Azenta in a research report on Thursday, April 4th. They set a “hold” rating and a $64.00 price objective for the company. 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Read Our Latest Stock Report on AZTA

Azenta Trading Up 0.6 %

Shares of NASDAQ:AZTA opened at $52.26 on Friday. The firm has a 50 day simple moving average of $52.81 and a 200-day simple moving average of $58.83. Azenta, Inc. has a twelve month low of $43.43 and a twelve month high of $69.16. The company has a market capitalization of $2.82 billion, a PE ratio of -19.28 and a beta of 1.51.

Azenta (NASDAQ:AZTAGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The firm had revenue of $159.13 million during the quarter, compared to the consensus estimate of $159.89 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. Azenta’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts predict that Azenta, Inc. will post 0.3 EPS for the current fiscal year.

Azenta Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Azenta (NASDAQ:AZTA)

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