Azenta, Inc. (NASDAQ:AZTA) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in Azenta, Inc. (NASDAQ:AZTA) by 433.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 73,055 shares of the company’s stock after purchasing an additional 59,364 shares during the period. Squarepoint Ops LLC’s holdings in Azenta were worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its position in Azenta by 1.6% during the first quarter. Park Avenue Securities LLC now owns 12,181 shares of the company’s stock valued at $734,000 after buying an additional 192 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Azenta by 1.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,488 shares of the company’s stock valued at $813,000 after acquiring an additional 229 shares during the period. Arizona State Retirement System increased its stake in shares of Azenta by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 14,050 shares of the company’s stock valued at $739,000 after purchasing an additional 269 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Azenta by 9.5% in the 1st quarter. Russell Investments Group Ltd. now owns 4,698 shares of the company’s stock worth $283,000 after purchasing an additional 409 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Azenta by 9.3% during the first quarter. Janney Montgomery Scott LLC now owns 5,167 shares of the company’s stock worth $311,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AZTA shares. Evercore ISI reduced their target price on Azenta from $53.00 to $50.00 and set an “in-line” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and set a $69.00 price objective on shares of Azenta in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Azenta currently has an average rating of “Hold” and a consensus target price of $66.40.

Azenta Price Performance

NASDAQ AZTA opened at $47.50 on Wednesday. Azenta, Inc. has a 1-year low of $44.00 and a 1-year high of $69.16. The company has a market cap of $2.56 billion, a PE ratio of -17.53 and a beta of 1.47. The stock’s 50 day simple moving average is $51.37 and its 200-day simple moving average is $53.11.

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