Fisher Asset Management LLC Sells 56,362 Shares of Azenta, Inc. (NASDAQ:AZTA)

Fisher Asset Management LLC reduced its position in shares of Azenta, Inc. (NASDAQ:AZTA) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 771,812 shares of the company’s stock after selling 56,362 shares during the period. Fisher Asset Management LLC’s holdings in Azenta were worth $38,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Premier Fund Managers Ltd acquired a new stake in shares of Azenta during the third quarter worth $686,000. Royce & Associates LP raised its stake in Azenta by 7.8% in the 3rd quarter. Royce & Associates LP now owns 739,977 shares of the company’s stock worth $35,844,000 after purchasing an additional 53,584 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Azenta by 355.2% in the 4th quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company’s stock worth $1,294,000 after purchasing an additional 20,210 shares in the last quarter. Stephens Inc. AR bought a new stake in Azenta in the 4th quarter valued at about $313,000. Finally, SG Americas Securities LLC acquired a new position in shares of Azenta during the 4th quarter worth approximately $813,000. 99.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AZTA has been the subject of several recent research reports. TD Cowen upgraded Azenta to a “hold” rating in a research note on Thursday. Evercore ISI upped their target price on Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of Azenta in a report on Thursday, January 2nd. Finally, Needham & Company LLC boosted their price target on Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.75.

Azenta Price Performance

Shares of NASDAQ:AZTA opened at $43.62 on Monday. The company’s 50 day simple moving average is $50.17 and its 200 day simple moving average is $47.69. Azenta, Inc. has a 1 year low of $38.82 and a 1 year high of $67.77. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -14.64 and a beta of 1.47.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. As a group, analysts anticipate that Azenta, Inc. will post 0.53 EPS for the current fiscal 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.