Fisher Asset Management LLC Cuts Stake in Azenta, Inc. (NASDAQ:AZTA)

Fisher Asset Management LLC cut its holdings in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 771,812 shares of the company's stock after selling 56,362 shares during the period. Fisher Asset Management LLC owned 1.69% of Azenta worth $38,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AZTA. Premier Fund Managers Ltd purchased a new position in shares of Azenta in the third quarter worth $686,000. Royce & Associates LP lifted its stake in Azenta by 7.8% in the 3rd quarter. Royce & Associates LP now owns 739,977 shares of the company's stock worth $35,844,000 after purchasing an additional 53,584 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings 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 valued at $1,294,000 after purchasing an additional 20,210 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Azenta during the fourth quarter valued at about $313,000. Finally, SG Americas Securities LLC bought a new stake in shares of Azenta in the fourth quarter worth about $813,000. 99.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZTA has been the subject of a number of research reports. Evercore ISI increased their price target on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Azenta in a research report on Thursday, January 2nd. TD Cowen upgraded shares of Azenta to a "hold" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased 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. 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 MarketBeat, Azenta has an average rating of "Hold" and an average target price of $58.75.

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Azenta Price Performance

Shares of NASDAQ:AZTA traded up $0.00 during trading on Thursday, hitting $40.94. The company had a trading volume of 196,483 shares, compared to its average volume of 513,252. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -13.74 and a beta of 1.47. The company has a fifty day simple moving average of $49.80 and a two-hundred day simple moving average of $47.55. Azenta, Inc. has a one year low of $38.82 and a one year high of $67.77.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data 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%. On average, equities research analysts anticipate that Azenta, Inc. will post 0.53 earnings per share for the current 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.