Azenta, Inc. (NASDAQ:AZTA) Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 67.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,923 shares of the company's stock after selling 18,358 shares during the quarter. Victory Capital Management Inc.'s holdings in Azenta were worth $446,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its holdings 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 buying an additional 698 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Azenta during the fourth quarter worth $200,000. Empowered Funds LLC purchased a new position in shares of Azenta in the fourth quarter valued at $293,000. Stephens Inc. AR acquired a new stake in Azenta during the 4th quarter valued at $313,000. Finally, Virtu Financial LLC purchased a new stake in Azenta during the 3rd quarter worth $352,000. Hedge funds and other institutional investors own 99.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC upped 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. Stephens restated an "overweight" rating and set a $60.00 price objective on shares of Azenta in a research note on Thursday, January 2nd. TD Cowen upgraded Azenta to a "hold" rating in a report on Thursday, February 27th. Finally, Evercore ISI increased their target price on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Azenta has a consensus rating of "Hold" and a consensus price target of $58.75.

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Azenta Price Performance

NASDAQ:AZTA traded down $0.74 during mid-day trading on Wednesday, reaching $36.41. The stock had a trading volume of 444,507 shares, compared to its average volume of 584,479. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -12.22 and a beta of 1.52. Azenta, Inc. has a 1-year low of $35.56 and a 1-year high of $63.58. The stock's 50 day simple moving average is $46.13 and its two-hundred day simple moving average is $46.49.

Azenta (NASDAQ:AZTA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. Sell-side analysts anticipate that Azenta, Inc. will post 0.53 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.