Louisiana State Employees Retirement System Invests $1.10 Million in Azenta, Inc. (NASDAQ:AZTA)

Louisiana State Employees Retirement System acquired a new position in Azenta, Inc. (NASDAQ:AZTA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,900 shares of the company’s stock, valued at approximately $1,101,000.

A number of other institutional investors have also made changes to their positions in AZTA. TFC Financial Management Inc. bought a new stake in shares of Azenta in the third quarter worth $25,000. Headlands Technologies LLC bought a new stake in shares of Azenta in the third quarter worth $33,000. Neo Ivy Capital Management bought a new stake in shares of Azenta in the third quarter worth $73,000. Covestor Ltd lifted its position in shares of Azenta by 17.5% in the third quarter. Covestor Ltd now owns 1,714 shares of the company’s stock worth $86,000 after purchasing an additional 255 shares in the last quarter. Finally, Allworth Financial LP raised its position in Azenta by 273.1% during the fourth quarter. Allworth Financial LP now owns 1,634 shares of the company’s stock worth $106,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AZTA. Stephens reaffirmed an “equal weight” rating and set a $70.00 price target on shares of Azenta in a research report on Thursday, February 8th. Jefferies Financial Group began coverage on shares of Azenta in a research report on Thursday, April 4th. They set a “hold” rating and a $64.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Azenta in a research report on Monday, April 8th. B. Riley upped their price target on shares of Azenta from $61.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Evercore ISI dropped their price target on shares of Azenta from $64.00 to $60.00 and set an “in-line” rating on the stock in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.60.

Azenta Price Performance

NASDAQ:AZTA opened at $52.54 on Wednesday. Azenta, Inc. has a one year low of $36.01 and a one year high of $69.16. The company has a market cap of $2.93 billion, a P/E ratio of -169.48 and a beta of 1.53. The firm’s fifty day moving average price is $60.15 and its two-hundred day moving average price is $59.08.

Azenta (NASDAQ:AZTA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.02 EPS for the quarter. Azenta had a negative net margin of 2.92% and a positive return on equity of 0.49%. The firm had revenue of $154.32 million for the quarter, compared to the consensus estimate of $151.86 million. As a group, equities research analysts expect that Azenta, Inc. will post 0.27 earnings per share 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.