Louisiana State Employees Retirement System Grows Stake in Azenta, Inc. (NASDAQ:AZTA)

Louisiana State Employees Retirement System increased its position in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the company's stock after buying an additional 8,400 shares during the period. Louisiana State Employees Retirement System's holdings in Azenta were worth $1,100,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AZTA. Sanctuary Advisors LLC acquired a new stake in shares of Azenta in the 2nd quarter valued at about $222,000. Net Worth Advisory Group acquired a new stake in shares of Azenta in the 3rd quarter valued at about $205,000. Allspring Global Investments Holdings LLC grew its stake in shares of Azenta by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,298,856 shares of the company's stock valued at $62,917,000 after buying an additional 183,040 shares during the period. Nisa Investment Advisors LLC lifted its position in Azenta by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,710 shares of the company's stock valued at $1,778,000 after acquiring an additional 700 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Azenta by 20.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company's stock valued at $74,000 after acquiring an additional 256 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AZTA. Needham & Company LLC raised their price target 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. Evercore ISI raised their price target on shares of Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $60.00 price target on shares of Azenta in a research report on Thursday, January 2nd.

Azenta Trading Down 0.1 %

Shares of NASDAQ:AZTA traded down $0.03 during mid-day trading on Friday, reaching $44.75. The company had a trading volume of 423,124 shares, compared to its average volume of 486,505. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -15.02 and a beta of 1.47. The company's 50-day moving average price is $50.45 and its 200-day moving average price is $48.11. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates 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, research 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.