KLP Kapitalforvaltning AS Purchases Shares of 10,600 Azenta, Inc. (NASDAQ:AZTA)

KLP Kapitalforvaltning AS purchased a new position in Azenta, Inc. (NASDAQ:AZTA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,600 shares of the company's stock, valued at approximately $530,000.

A number of other large investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in Azenta by 285.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 31,227 shares of the company's stock worth $1,513,000 after buying an additional 23,132 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Azenta during the third quarter worth approximately $873,000. Paloma Partners Management Co raised its stake in Azenta by 38.9% in the 3rd quarter. Paloma Partners Management Co now owns 7,999 shares of the company's stock valued at $387,000 after purchasing an additional 2,240 shares during the last quarter. Centiva Capital LP purchased a new position in Azenta in the 3rd quarter valued at $941,000. Finally, Petrus Trust Company LTA purchased a new position in Azenta in the 3rd quarter valued at $608,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Azenta Price Performance

Shares of AZTA traded down $2.51 during mid-day trading on Tuesday, reaching $26.59. The stock had a trading volume of 1,596,346 shares, compared to its average volume of 620,936. Azenta, Inc. has a 52-week low of $26.14 and a 52-week high of $63.58. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -8.92 and a beta of 1.66. The business's fifty day moving average is $41.41 and its 200 day moving average is $45.29.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

About Azenta

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.