Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,546 shares of the company's stock after selling 9,688 shares during the period. Orion Portfolio Solutions LLC owned 0.06% of Azenta worth $1,477,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Azenta during the 4th quarter worth approximately $25,403,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Azenta by 14.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,446 shares of the company's stock valued at $225,000 after acquiring an additional 576 shares during the period. Zions Bancorporation N.A. grew its position in shares of Azenta by 15.8% during the fourth quarter. Zions Bancorporation N.A. now owns 27,678 shares of the company's stock worth $1,384,000 after acquiring an additional 3,774 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Azenta in the 4th quarter valued at $14,405,000. Finally, Prudential Financial Inc. raised its position in Azenta by 164.9% in the 4th quarter. Prudential Financial Inc. now owns 45,868 shares of the company's stock valued at $2,293,000 after purchasing an additional 28,553 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company's stock.

Analysts Set New Price Targets

AZTA has been the topic of several research reports. Needham & Company LLC raised their price objective on shares of Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. 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 report on Thursday, February 6th. Stephens reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Azenta in a research report on Thursday, January 2nd. Finally, TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th.

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Azenta Trading Down 8.6 %

Shares of NASDAQ:AZTA traded down $2.51 during midday trading on Tuesday, hitting $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 1 year low of $26.14 and a 1 year high of $63.58. The stock has a 50 day moving average price of $41.41 and a two-hundred day moving average price of $45.29. The company has a market capitalization of $1.22 billion, a PE ratio of -8.92 and a beta of 1.66.

Azenta (NASDAQ:AZTA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS 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%. As a group, equities analysts expect that Azenta, Inc. will post 0.53 EPS for the current 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.