Raymond James & Associates Purchases 15,777 Shares of Azenta, Inc. (NASDAQ:AZTA)

Raymond James & Associates boosted its position in shares of Azenta, Inc. (NASDAQ:AZTA – Get Rating) by 36.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,512 shares of the company’s stock after acquiring an additional 15,777 shares during the quarter. Raymond James & Associates’ holdings in Azenta were worth $2,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Glassman Wealth Services bought a new position in Azenta in the second quarter worth approximately $25,000. Quadrant Capital Group LLC purchased a new stake in Azenta in the second quarter valued at approximately $26,000. Castle Wealth Management LLC purchased a new stake in shares of Azenta during the second quarter worth $34,000. Assetmark Inc. purchased a new stake in shares of Azenta during the second quarter worth $39,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Azenta during the second quarter worth $48,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Azenta Price Performance

Shares of NASDAQ:AZTA opened at $55.75 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 1.97 and a beta of 1.61. The firm’s 50 day simple moving average is $58.83 and its 200 day simple moving average is $55.69. Azenta, Inc. has a fifty-two week low of $37.61 and a fifty-two week high of $93.39.

Azenta (NASDAQ:AZTA – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. The firm had revenue of $137.57 million during the quarter, compared to analysts’ expectations of $132.01 million. Azenta had a net margin of 383.23% and a return on equity of 1.31%. Equities research analysts expect that Azenta, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

AZTA has been the subject of several recent research reports. KeyCorp decreased their target price on shares of Azenta from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. Needham & Company LLC increased their price target on shares of Azenta from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 15th. TheStreet raised shares of Azenta from a “d+” rating to a “c-” rating in a research note on Tuesday, December 13th. Finally, Stephens boosted their target price on shares of Azenta from $60.00 to $65.00 in a research report on Thursday, November 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $72.60.

About Azenta

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Azenta, Inc is a provider of life sciences sample exploration and management solutions for the life sciences market. It operates through the Life Sciences Products and Life Sciences Services segments. The Life Sciences Products segment is involved in automated cold storage solutions for biological and chemical compound samples.