New York State Teachers Retirement System Purchases 2,750 Shares of Azenta, Inc. (NASDAQ:AZTA)

New York State Teachers Retirement System grew its position in Azenta, Inc. (NASDAQ:AZTA) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,915 shares of the company’s stock after purchasing an additional 2,750 shares during the quarter. New York State Teachers Retirement System’s holdings in Azenta were worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in shares of Azenta by 0.4% in the third quarter. State Street Corp now owns 1,686,993 shares of the company’s stock worth $81,718,000 after purchasing an additional 6,398 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of Azenta by 65.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company’s stock worth $78,894,000 after purchasing an additional 621,830 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Azenta by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,317,385 shares of the company’s stock worth $65,922,000 after purchasing an additional 18,529 shares during the period. Royce & Associates LP lifted its holdings in shares of Azenta by 7.8% in the third quarter. Royce & Associates LP now owns 739,977 shares of the company’s stock worth $35,844,000 after buying an additional 53,584 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of Azenta by 8.7% in the third quarter. Systematic Financial Management LP now owns 434,597 shares of the company’s stock worth $21,052,000 after buying an additional 34,849 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZTA has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Azenta from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Azenta in a report on Thursday, January 2nd. Finally, Evercore ISI boosted their target price on shares of Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th.

Azenta Stock Down 0.1 %

Azenta stock opened at $44.75 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -15.02 and a beta of 1.47. The firm’s fifty day moving average is $50.45 and its 200 day moving average is $48.11. Azenta, Inc. has a 52-week low of $38.82 and a 52-week high of $67.77.

Azenta (NASDAQ:AZTA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 fiscal year.

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.