Maryland State Retirement & Pension System Purchases Shares of 18,477 Azenta, Inc. (NASDAQ:AZTA)

Maryland State Retirement & Pension System purchased a new stake in Azenta, Inc. (NASDAQ:AZTA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,477 shares of the company's stock, valued at approximately $924,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AZTA. Picton Mahoney Asset Management boosted its holdings in Azenta by 305.7% in the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after acquiring an additional 532 shares during the last quarter. KBC Group NV lifted its position in shares of Azenta by 48.5% in the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after purchasing an additional 698 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Azenta in the 4th quarter valued at $200,000. Catalyst Funds Management Pty Ltd increased its position in shares of Azenta by 123.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 4,684 shares of the company's stock worth $234,000 after buying an additional 2,584 shares during the period. Finally, Empowered Funds LLC bought a new position in Azenta during the fourth quarter worth $293,000. Institutional investors and hedge funds own 99.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AZTA. Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd. TD Cowen raised Azenta to a "hold" rating in a research note on Thursday, February 27th. Evercore ISI boosted 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. Finally, Needham & Company LLC increased their price target on Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $58.75.

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Azenta Trading Down 2.3 %

Azenta stock traded down $0.89 during midday trading on Tuesday, reaching $37.34. The stock had a trading volume of 149,366 shares, compared to its average volume of 585,142. The company has a fifty day moving average price of $46.42 and a two-hundred day moving average price of $46.57. Azenta, Inc. has a 12 month low of $35.56 and a 12 month high of $63.58. The company has a market capitalization of $1.71 billion, a P/E ratio of -12.56 and a beta of 1.52.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating 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%. On average, equities research analysts predict 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.