Acadian Asset Management LLC purchased a new stake in Azenta, Inc. (NASDAQ:AZTA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,124 shares of the company’s stock, valued at approximately $99,000.
Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Azenta by 25.7% during the 2nd quarter. Signaturefd LLC now owns 1,418 shares of the company’s stock worth $66,000 after purchasing an additional 290 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Azenta by 24.8% during the second quarter. Fifth Third Bancorp now owns 1,560 shares of the company’s stock worth $73,000 after buying an additional 310 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Azenta during the first quarter worth $147,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Azenta by 11.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,549 shares of the company’s stock valued at $158,000 after acquiring an additional 354 shares during the period. Finally, FMR LLC acquired a new position in shares of Azenta in the second quarter valued at about $172,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on AZTA. Stephens reissued an “equal weight” rating and issued a $55.00 price objective on shares of Azenta in a report on Tuesday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $68.00 price target on shares of Azenta in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.67.
Azenta Stock Up 1.5 %
AZTA stock opened at $56.01 on Tuesday. The company’s 50-day moving average price is $49.68 and its two-hundred day moving average price is $48.29. The firm has a market cap of $3.37 billion, a P/E ratio of -311.17 and a beta of 1.52. Azenta, Inc. has a 12 month low of $36.01 and a 12 month high of $63.60.
Azenta (NASDAQ:AZTA – Get Free Report) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Azenta had a negative net margin of 2.14% and a positive return on equity of 0.75%. The business had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $163.91 million. During the same period last year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities analysts predict that Azenta, Inc. will post 0.28 EPS for the current year.
Azenta, Inc provides life science sample exploration and management solutions for the life sciences market in North America, Europe, China, the Asia Pacific, and internationally. The company operates through two reportable segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated cold sample management systems for compound and biological sample storage; equipment for sample preparation and handling; consumables; and instruments that help customers in managing samples throughout their research discovery and development workflows.
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