Inceptionr LLC bought a new position in shares of Azenta, Inc. (NASDAQ:AZTA – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,576 shares of the company’s stock, valued at approximately $477,000.
Several other institutional investors and hedge funds have also made changes to their positions in AZTA. Systematic Financial Management LP boosted its position in Azenta by 25.0% in the 1st quarter. Systematic Financial Management LP now owns 557,678 shares of the company’s stock valued at $11,784,000 after buying an additional 111,447 shares during the last quarter. Gibbs Wealth Management lifted its stake in shares of Azenta by 146.1% in the first quarter. Gibbs Wealth Management now owns 25,884 shares of the company’s stock worth $547,000 after acquiring an additional 15,367 shares in the last quarter. Sei Investments Co. boosted its holdings in Azenta by 32.5% in the first quarter. Sei Investments Co. now owns 243,389 shares of the company’s stock valued at $5,143,000 after purchasing an additional 59,752 shares during the last quarter. State of Wyoming purchased a new position in Azenta in the first quarter valued at about $38,000. Finally, KBC Group NV grew its stake in Azenta by 102.2% during the 1st quarter. KBC Group NV now owns 2,449 shares of the company’s stock valued at $52,000 after purchasing an additional 1,238 shares in the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on AZTA shares. Weiss Ratings upgraded Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. Needham & Company LLC decreased their price target on shares of Azenta from $44.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.40.
Azenta Stock Performance
Shares of Azenta stock opened at $27.37 on Monday. Azenta, Inc. has a 1 year low of $15.93 and a 1 year high of $41.73. The firm’s 50-day simple moving average is $23.69 and its 200-day simple moving average is $26.05. The firm has a market cap of $1.26 billion, a PE ratio of -6.91 and a beta of 1.37.
Azenta (NASDAQ:AZTA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). Azenta had a positive return on equity of 1.23% and a negative net margin of 30.49%.The firm had revenue of $144.79 million during the quarter, compared to analyst estimates of $148.47 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.
Azenta Company Profile
Azenta, Inc (NASDAQ: AZTA) is a life sciences technology company specializing in sample management, cryogenic storage and genomic services for research and clinical applications. Formerly the Life Sciences division of Brooks Automation, Azenta provides integrated solutions that enable customers to store, track and analyze biological samples with high levels of automation, data integrity and efficiency. Its offerings span automated storage systems, biorepository management software and end‐to‐end sample tracking workflows.
In addition to hardware and informatics platforms for sample storage, Azenta’s Genomics business delivers next‐generation sequencing (NGS), DNA synthesis, and molecular biology services.
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