Lecap Asset Management Ltd. Takes Position in Azenta, Inc. (NASDAQ:AZTA)

Lecap Asset Management Ltd. purchased a new stake in shares of Azenta, Inc. (NASDAQ:AZTA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,896 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC purchased a new position in Azenta in the second quarter valued at about $172,000. Credit Suisse AG purchased a new position in Azenta in the second quarter valued at about $4,451,000. LPL Financial LLC purchased a new position in Azenta in the second quarter valued at about $3,697,000. Millennium Management LLC purchased a new position in Azenta in the second quarter valued at about $6,091,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Azenta in the second quarter valued at about $736,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Analyst Upgrades and Downgrades

AZTA has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Azenta from $64.00 to $60.00 and set an “in-line” rating for the company in a report on Thursday, April 4th. B. Riley raised their price target on Azenta from $61.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Jefferies Financial Group started coverage on Azenta in a report on Thursday, April 4th. They set a “hold” rating and a $64.00 target price for the company. Stephens reaffirmed an “equal weight” rating and set a $70.00 target price on shares of Azenta in a report on Thursday, February 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Azenta in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.60.

Azenta Trading Down 2.2 %

Shares of AZTA stock opened at $53.55 on Tuesday. The stock has a 50 day moving average of $61.81 and a 200 day moving average of $59.01. The stock has a market cap of $2.99 billion, a P/E ratio of -172.74 and a beta of 1.53. Azenta, Inc. has a twelve month low of $36.01 and a twelve month high of $69.16.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $154.32 million during the quarter, compared to analysts’ expectations of $151.86 million. Azenta had a positive return on equity of 0.49% and a negative net margin of 2.92%. On average, research analysts predict that Azenta, Inc. will post 0.27 earnings per share for the current fiscal year.

Azenta Company Profile

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.