Teacher Retirement System of Texas Has $33.43 Million Position in Azenta, Inc. (NASDAQ:AZTA)

Teacher Retirement System of Texas cut its position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 668,556 shares of the company's stock after selling 436,388 shares during the quarter. Teacher Retirement System of Texas owned 1.46% of Azenta worth $33,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AZTA. Conestoga Capital Advisors LLC lifted its position in Azenta by 65.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company's stock worth $78,894,000 after buying an additional 621,830 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Azenta by 94.4% during the fourth quarter. Principal Financial Group Inc. now owns 221,083 shares of the company's stock worth $11,054,000 after acquiring an additional 107,339 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Azenta during the fourth quarter valued at approximately $4,875,000. New York State Common Retirement Fund boosted its position in Azenta by 41.0% during the fourth quarter. New York State Common Retirement Fund now owns 265,983 shares of the company's stock valued at $13,299,000 after purchasing an additional 77,409 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Azenta by 53.6% in the fourth quarter. Peregrine Capital Management LLC now owns 149,377 shares of the company's stock valued at $7,469,000 after purchasing an additional 52,120 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on AZTA. TD Cowen raised Azenta to a "hold" rating in a report on Thursday, February 27th. Evercore ISI increased their price target 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. Needham & Company LLC boosted their price objective 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. Finally, Stephens reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Azenta in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $58.75.

Azenta Price Performance

AZTA stock traded down $1.08 during midday trading on Tuesday, reaching $37.15. 411,751 shares of the company were exchanged, compared to its average volume of 585,142. 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 $1.70 billion, a price-to-earnings ratio of -12.47 and a beta of 1.52. The business has a 50-day moving average price of $46.42 and a two-hundred day moving average price of $46.57.

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

Azenta Company 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.