Azenta, Inc. $AZTA Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its holdings in Azenta, Inc. (NASDAQ:AZTA) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,328 shares of the company’s stock after purchasing an additional 2,986 shares during the quarter. LPL Financial LLC owned approximately 0.12% of Azenta worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Azenta by 788.1% during the first quarter. Farther Finance Advisors LLC now owns 968 shares of the company’s stock valued at $33,000 after acquiring an additional 859 shares during the period. Quarry LP purchased a new stake in Azenta during the fourth quarter valued at about $110,000. Deutsche Bank AG grew its position in Azenta by 28.5% during the fourth quarter. Deutsche Bank AG now owns 4,199 shares of the company’s stock valued at $210,000 after acquiring an additional 931 shares during the period. Alpine Global Management LLC purchased a new stake in Azenta during the fourth quarter valued at about $218,000. Finally, Alpha Wealth Funds LLC purchased a new stake in Azenta during the fourth quarter valued at about $225,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AZTA has been the subject of a number of research reports. Evercore ISI set a $33.00 price target on Azenta and gave the company an “in-line” rating in a research report on Tuesday, August 5th. Needham & Company LLC lowered their price target on Azenta from $59.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Raymond James Financial raised Azenta from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Finally, Stephens started coverage on Azenta in a research report on Tuesday, July 22nd. They issued an “equal weight” rating and a $35.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Azenta has a consensus rating of “Hold” and an average target price of $35.75.

Azenta Stock Performance

NASDAQ:AZTA opened at $29.84 on Friday. Azenta, Inc. has a one year low of $23.91 and a one year high of $55.63. The business’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $33.00. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -12.33 and a beta of 1.59.

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