State of Alaska Department of Revenue Reduces Holdings in Azenta, Inc. (NASDAQ:AZTA)

State of Alaska Department of Revenue trimmed its stake in Azenta, Inc. (NASDAQ:AZTAFree Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,049 shares of the company’s stock after selling 450 shares during the period. State of Alaska Department of Revenue’s holdings in Azenta were worth $364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AZTA. Tudor Investment Corp Et Al lifted its position in shares of Azenta by 963.5% in the 3rd quarter. Tudor Investment Corp Et Al now owns 74,102 shares of the company’s stock worth $3,719,000 after purchasing an additional 67,134 shares during the period. Comerica Bank bought a new position in shares of Azenta in the 3rd quarter worth about $7,510,000. Neo Ivy Capital Management bought a new position in shares of Azenta in the 3rd quarter worth about $73,000. Citigroup Inc. increased its stake in shares of Azenta by 558.8% in the 3rd quarter. Citigroup Inc. now owns 88,078 shares of the company’s stock worth $4,421,000 after acquiring an additional 74,708 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Azenta by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 467,003 shares of the company’s stock worth $30,421,000 after acquiring an additional 12,371 shares in the last quarter. 99.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AZTA has been the subject of several research reports. Evercore ISI increased their price target on shares of Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Needham & Company LLC decreased their price target on shares of Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, 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 for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Azenta has a consensus rating of “Hold” and a consensus price target of $67.00.

Read Our Latest Report on Azenta

Azenta Stock Performance

NASDAQ:AZTA opened at $50.53 on Thursday. The firm has a market cap of $2.72 billion, a P/E ratio of -18.65 and a beta of 1.51. Azenta, Inc. has a fifty-two week low of $43.43 and a fifty-two week high of $69.16. The firm has a 50-day simple moving average of $52.75 and a two-hundred day simple moving average of $58.57.

Azenta (NASDAQ:AZTAGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $159.13 million during the quarter, compared to analyst estimates of $159.89 million. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. Azenta’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned ($0.06) EPS. On average, equities research analysts predict that Azenta, Inc. will post 0.3 EPS for the current year.

About Azenta

(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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