Acadian Asset Management LLC Boosts Holdings in Azenta, Inc. (NASDAQ:AZTA)

Acadian Asset Management LLC increased its holdings in Azenta, Inc. (NASDAQ:AZTA) by 118.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,196 shares of the company’s stock after purchasing an additional 2,815 shares during the period. Acadian Asset Management LLC’s holdings in Azenta were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Azenta in the 4th quarter worth approximately $140,856,000. Schroder Investment Management Group raised its holdings in Azenta by 14.6% during the 4th quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock valued at $40,746,000 after buying an additional 79,913 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Azenta by 5.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,115,816 shares of the company’s stock valued at $58,714,000 after buying an additional 56,387 shares during the period. Edgestream Partners L.P. grew its holdings in Azenta by 618.2% in the 1st quarter. Edgestream Partners L.P. now owns 58,644 shares of the company’s stock worth $3,535,000 after acquiring an additional 50,479 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Azenta in the fourth quarter valued at about $1,973,000. Institutional investors own 99.08% of the company’s stock.

Azenta Trading Up 0.3 %

NASDAQ:AZTA opened at $49.50 on Friday. The company has a 50-day moving average price of $52.52 and a 200-day moving average price of $54.16. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -18.27 and a beta of 1.47. Azenta, Inc. has a 12 month low of $44.00 and a 12 month high of $69.16.

Azenta (NASDAQ:AZTA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. Azenta had a positive return on equity of 0.89% and a negative net margin of 23.66%. The business had revenue of $173.00 million for the quarter, compared to analysts’ expectations of $166.14 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that Azenta, Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

AZTA has been the subject of a number of analyst reports. Evercore ISI increased their target price on shares of Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $69.00 price target on shares of Azenta in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.00.

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.