Los Angeles Capital Management LLC Makes New $420,000 Investment in Azenta, Inc. $AZTA

Los Angeles Capital Management LLC bought a new stake in Azenta, Inc. (NASDAQ:AZTA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,635 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Azenta during the first quarter worth about $505,000. Nordea Investment Management AB increased its stake in Azenta by 31.7% in the 2nd quarter. Nordea Investment Management AB now owns 149,200 shares of the company’s stock valued at $4,566,000 after buying an additional 35,874 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Azenta by 44.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 417,597 shares of the company’s stock worth $12,854,000 after buying an additional 128,084 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Azenta in the 2nd quarter worth approximately $321,000. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Azenta by 0.4% in the second quarter. Stephens Investment Management Group LLC now owns 807,173 shares of the company’s stock valued at $24,845,000 after acquiring an additional 3,372 shares in the last quarter. 99.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AZTA. Evercore ISI set a $33.00 price objective on Azenta and gave the company an “in-line” rating in a research note on Tuesday, August 5th. Jefferies Financial Group upgraded shares of Azenta from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $38.00 in a report on Thursday, October 30th. Stephens began coverage on shares of Azenta in a research note on Tuesday, July 22nd. They issued an “equal weight” rating and a $35.00 target price on the stock. Raymond James Financial raised shares of Azenta from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Azenta in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.20.

Azenta Trading Down 0.4%

AZTA opened at $29.75 on Friday. Azenta, Inc. has a 12 month low of $23.91 and a 12 month high of $55.63. The company has a market cap of $1.36 billion, a PE ratio of -12.29 and a beta of 1.65. The company has a 50 day moving average of $30.60 and a 200 day moving average of $30.15.

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.