First Sabrepoint Capital Management LP boosted its holdings in shares of Azenta, Inc. (NASDAQ:AZTA – Free Report) by 63.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,000 shares of the company’s stock after buying an additional 60,000 shares during the period. Azenta makes up about 2.9% of First Sabrepoint Capital Management LP’s portfolio, making the stock its 16th largest position. First Sabrepoint Capital Management LP’s holdings in Azenta were worth $6,916,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of Azenta by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 19,855 shares of the company’s stock worth $851,000 after acquiring an additional 183 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Azenta by 1.6% during the 4th quarter. Neuberger Berman Group LLC now owns 18,356 shares of the company’s stock worth $1,069,000 after purchasing an additional 287 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Azenta by 11.1% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,549 shares of the company’s stock worth $158,000 after purchasing an additional 354 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Azenta by 321.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 485 shares of the company’s stock worth $28,000 after purchasing an additional 370 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Azenta by 82.8% in the fourth quarter. Quadrant Capital Group LLC now owns 817 shares of the company’s stock valued at $48,000 after purchasing an additional 370 shares in the last quarter. 99.08% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on AZTA shares. Needham & Company LLC increased their price objective on shares of Azenta from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Stephens boosted their price objective on Azenta from $45.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Finally, Raymond James initiated coverage on Azenta in a research note on Tuesday, July 18th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Azenta currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.50.
Azenta Trading Down 1.5 %
Shares of AZTA stock traded down $0.80 during trading hours on Tuesday, hitting $51.25. 170,521 shares of the company were exchanged, compared to its average volume of 1,054,642. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -100.10 and a beta of 1.50. The firm has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $45.92. Azenta, Inc. has a 52-week low of $36.01 and a 52-week high of $63.60.
Azenta (NASDAQ:AZTA – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.16. The business had revenue of $165.95 million during the quarter, compared to the consensus estimate of $153.42 million. Azenta had a positive return on equity of 0.84% and a negative net margin of 6.09%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. Sell-side analysts anticipate that Azenta, Inc. will post 0.07 EPS for the current year.
Insider Activity at Azenta
In other Azenta news, insider David C. Gray sold 4,311 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $57.24, for a total transaction of $246,761.64. Following the completion of the transaction, the insider now owns 87,919 shares in the company, valued at $5,032,483.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.67% of the stock is currently owned by company insiders.
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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