State of New Jersey Common Pension Fund D Increases Stock Holdings in Azenta, Inc. (NASDAQ:AZTA)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,312 shares of the company's stock after purchasing an additional 11,304 shares during the period. State of New Jersey Common Pension Fund D owned about 0.11% of Azenta worth $2,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Premier Fund Managers Ltd acquired a new position in Azenta during the 3rd quarter worth approximately $686,000. Royce & Associates LP increased its holdings in shares of Azenta by 7.8% during the third quarter. Royce & Associates LP now owns 739,977 shares of the company's stock worth $35,844,000 after buying an additional 53,584 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Azenta by 355.2% during the fourth quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company's stock worth $1,294,000 after buying an additional 20,210 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Azenta in the 4th quarter valued at $313,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Azenta during the 4th quarter valued at $813,000. Institutional investors own 99.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

Azenta Price Performance

Shares of Azenta stock traded down $0.03 during midday 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 stock has a fifty day moving average price of $50.46 and a 200 day moving average price of $48.18. Azenta, Inc. has a fifty-two week low of $38.82 and a fifty-two week high of $67.77. The firm has a market cap of $2.05 billion, a PE ratio of -15.02 and a beta of 1.47.

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