Gotham Asset Management LLC Increases Position in Azenta, Inc. (NASDAQ:AZTA)

Gotham Asset Management LLC lifted its holdings in Azenta, Inc. (NASDAQ:AZTA) by 388.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,050 shares of the company’s stock after purchasing an additional 157,483 shares during the period. Gotham Asset Management LLC owned about 0.43% of Azenta worth $9,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AZTA. Oak Thistle LLC purchased a new position in shares of Azenta in the 4th quarter valued at about $927,000. Assenagon Asset Management S.A. acquired a new stake in Azenta in the 4th quarter worth about $200,000. Ballentine Partners LLC boosted its holdings in Azenta by 2.0% in the 4th quarter. Ballentine Partners LLC now owns 20,340 shares of the company’s stock worth $1,017,000 after buying an additional 404 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Azenta in the 4th quarter worth about $813,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Azenta by 7.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 375,627 shares of the company’s stock worth $18,781,000 after buying an additional 25,545 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Analysts Set New Price Targets

AZTA has been the topic of several research analyst reports. TD Cowen upgraded Azenta to a “hold” rating in a report on Thursday, February 27th. Evercore ISI lifted their price objective on Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC lowered their price objective on Azenta from $59.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th.

Azenta Trading Down 3.2%

AZTA stock opened at $26.82 on Monday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -9.00 and a beta of 1.64. The business’s 50-day moving average is $31.45 and its 200 day moving average is $42.03. Azenta, Inc. has a 12-month low of $23.91 and a 12-month high of $63.58.

Azenta (NASDAQ:AZTA) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. As a group, equities analysts forecast that Azenta, Inc. will post 0.53 EPS for the current fiscal 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.