Proficio Capital Partners LLC Purchases Shares of 18,200 Azenta, Inc. (NASDAQ:AZTA)

Proficio Capital Partners LLC acquired a new position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,200 shares of the company's stock, valued at approximately $910,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AZTA. KBC Group NV boosted its stake in 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. acquired a new position in shares of Azenta during the fourth quarter worth about $200,000. Empowered Funds LLC bought a new position in shares of Azenta during the fourth quarter worth about $293,000. Stephens Inc. AR acquired a new stake in Azenta in the 4th quarter valued at approximately $313,000. Finally, Virtu Financial LLC acquired a new stake in Azenta in the 3rd quarter valued at approximately $352,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Azenta Stock Down 2.8 %

Shares of NASDAQ:AZTA traded down $1.08 during midday trading on Tuesday, hitting $37.15. The stock had a trading volume of 411,645 shares, compared to its average volume of 585,142. Azenta, Inc. has a 12 month low of $35.56 and a 12 month high of $63.58. The business's 50-day simple moving average is $46.42 and its 200-day simple moving average is $46.57. The company has a market cap of $1.70 billion, a P/E ratio of -12.47 and a beta of 1.52.

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Azenta (NASDAQ:AZTA - Get Free Report) last announced its quarterly earnings results 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 predict that Azenta, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Azenta in a research note on Thursday, January 2nd. TD Cowen raised shares of Azenta to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC boosted their price target 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. Finally, Evercore ISI raised their price objective on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Azenta currently has an average rating of "Hold" and a consensus target price of $58.75.

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.