Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Rock Springs Capital Management LP

Rock Springs Capital Management LP lowered its holdings in Azenta, Inc. (NASDAQ:AZTA) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 475,000 shares of the company’s stock after selling 57,500 shares during the quarter. Rock Springs Capital Management LP owned 1.04% of Azenta worth $23,750,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its stake in shares of Azenta by 305.7% in the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock valued at $35,000 after purchasing an additional 532 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Azenta during the 4th quarter valued at approximately $40,000. Covestor Ltd boosted its stake in shares of Azenta by 64.2% during the 4th quarter. Covestor Ltd now owns 2,043 shares of the company’s stock worth $102,000 after acquiring an additional 799 shares in the last quarter. KBC Group NV grew its holdings in shares of 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 acquiring an additional 698 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Azenta by 39.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,856 shares of the company’s stock valued at $143,000 after purchasing an additional 813 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AZTA shares. Needham & Company LLC boosted their target price on 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 objective on shares of Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th. TD Cowen upgraded shares of Azenta to a “hold” rating in a report on Thursday, February 27th. Finally, Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd.

Azenta Stock Down 1.0 %

NASDAQ AZTA opened at $25.25 on Monday. Azenta, Inc. has a fifty-two week low of $24.24 and a fifty-two week high of $63.58. The business has a fifty day moving average of $36.94 and a 200-day moving average of $43.94. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -8.47 and a beta of 1.66.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate 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.