Azenta, Inc. (NASDAQ:AZTA) Stock Position Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Azenta, Inc. (NASDAQ:AZTA) by 39.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 668,556 shares of the company’s stock after selling 436,388 shares during the period. Teacher Retirement System of Texas owned 1.46% of Azenta worth $33,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC grew its position in Azenta by 2.0% in the 4th quarter. Ballentine Partners LLC now owns 20,340 shares of the company’s stock valued at $1,017,000 after buying an additional 404 shares in the last quarter. Picton Mahoney Asset Management boosted its position in shares of Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock valued at $35,000 after purchasing an additional 532 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Azenta by 6.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,379 shares of the company’s stock valued at $551,000 after purchasing an additional 679 shares in the last quarter. KBC Group NV boosted its position in shares of Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after purchasing an additional 698 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Azenta by 7.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,700 shares of the company’s stock valued at $535,000 after purchasing an additional 702 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

Azenta Trading Up 2.7 %

AZTA stock opened at $37.79 on Friday. Azenta, Inc. has a one year low of $35.56 and a one year high of $63.58. The firm has a market capitalization of $1.73 billion, a PE ratio of -12.68 and a beta of 1.52. The firm has a 50-day moving average of $46.99 and a two-hundred day moving average of $46.73.

Azenta (NASDAQ:AZTA) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. On average, equities research analysts anticipate that Azenta, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

AZTA has been the subject of several research reports. Needham & Company LLC raised their price objective on shares of Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Evercore ISI upped their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, February 6th. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Azenta in a research note on Thursday, January 2nd. Finally, TD Cowen raised shares of Azenta to a “hold” rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.75.

Azenta 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.