Bryce Point Capital LLC Takes $384,000 Position in Azenta, Inc. (NASDAQ:AZTA)

Bryce Point Capital LLC acquired a new position in shares of Azenta, Inc. (NASDAQ:AZTA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,687 shares of the company’s stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC raised its stake in Azenta by 2.0% in the fourth quarter. Ballentine Partners LLC now owns 20,340 shares of the company’s stock valued at $1,017,000 after buying an additional 404 shares during the period. Picton Mahoney Asset Management increased its holdings in shares of Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock worth $35,000 after acquiring an additional 532 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Azenta by 14.9% in the 4th 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. KBC Group NV lifted its holdings in Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after purchasing an additional 698 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Azenta by 7.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,700 shares of the company’s stock worth $535,000 after purchasing an additional 702 shares during the period. 99.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

AZTA has been the topic of several research analyst reports. Evercore ISI increased their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Needham & Company LLC increased their price target on shares of Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Azenta in a report on Thursday, January 2nd. Finally, TD Cowen upgraded Azenta to a “hold” rating in a research note on Thursday, February 27th.

Azenta Stock Down 7.0 %

Shares of Azenta stock opened at $29.12 on Friday. The company has a 50-day simple moving average of $43.01 and a two-hundred day simple moving average of $45.77. Azenta, Inc. has a twelve month low of $27.93 and a twelve month high of $63.58. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.77 and a beta of 1.52.

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