American Century Companies Inc. Increases Holdings in Azenta, Inc. (NASDAQ:AZTA)

American Century Companies Inc. boosted its position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,210 shares of the company's stock after purchasing an additional 9,640 shares during the period. American Century Companies Inc. owned approximately 0.22% of Azenta worth $4,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in shares of Azenta by 355.2% during the 4th quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company's stock worth $1,294,000 after purchasing an additional 20,210 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of Azenta in the 4th quarter valued at approximately $313,000. SG Americas Securities LLC purchased a new stake in shares of Azenta in the 4th quarter valued at approximately $813,000. Conestoga Capital Advisors LLC lifted its holdings in shares of Azenta by 65.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company's stock worth $78,894,000 after acquiring an additional 621,830 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Azenta by 1.4% during the 4th 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. 99.08% of the stock is currently owned by institutional investors and hedge funds.

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Azenta Stock Performance

Shares of Azenta stock traded down $3.08 during trading hours on Thursday, reaching $26.53. 1,128,013 shares of the company were exchanged, compared to its average volume of 627,449. The firm has a market cap of $1.21 billion, a PE ratio of -8.90 and a beta of 1.66. The stock's fifty day moving average is $39.93 and its 200 day moving average is $44.89. Azenta, Inc. has a 1 year low of $25.36 and a 1 year high of $63.58.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. Research analysts expect that Azenta, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th. Evercore ISI increased their target price on Azenta from $50.00 to $52.00 and gave the stock an "in-line" rating in a research note on Thursday, February 6th. Stephens reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Azenta in a research report on Thursday, January 2nd. Finally, Needham & Company LLC boosted their price target on shares of Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th.

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.