SG Americas Securities LLC Has $966,000 Holdings in Azenta, Inc. (NASDAQ:AZTA)

Posted by on Apr 29th, 2023

SG Americas Securities LLC decreased its holdings in Azenta, Inc. (NASDAQ:AZTA – Get Rating) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,597 shares of the company’s stock after selling 12,453 shares during the period. SG Americas Securities LLC’s holdings in Azenta were worth $966,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AZTA. FMR LLC purchased a new position in Azenta during the second quarter valued at approximately $172,000. Credit Suisse AG acquired a new position in shares of Azenta in the second quarter worth $4,451,000. LPL Financial LLC purchased a new stake in shares of Azenta during the second quarter worth $3,697,000. Millennium Management LLC acquired a new stake in Azenta during the second quarter valued at $6,091,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Azenta in the second quarter valued at about $736,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZTA has been the subject of several research reports. B. Riley reduced their price target on Azenta from $77.00 to $68.00 and set a “buy” rating for the company in a report on Friday, February 10th. Stephens downgraded shares of Azenta from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $65.00 to $60.00 in a research report on Thursday, February 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $68.00 price target on shares of Azenta in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.80.

Azenta Stock Up 4.5 %

NASDAQ:AZTA opened at $43.49 on Friday. The company’s 50 day moving average is $43.05 and its 200-day moving average is $49.90. Azenta, Inc. has a 12 month low of $37.61 and a 12 month high of $79.22. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 1.58 and a beta of 1.59.

Azenta (NASDAQ:AZTA – Get Rating) last announced its earnings results on Wednesday, February 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. Azenta had a net margin of 349.08% and a return on equity of 1.17%. The firm had revenue of $178.00 million for the quarter, compared to the consensus estimate of $181.38 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 27.1% on a year-over-year basis. Research analysts predict that Azenta, Inc. will post 0.28 EPS for the current fiscal year.

About Azenta

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Azenta, Inc is a provider of life sciences sample exploration and management solutions for the life sciences market. It operates through the Life Sciences Products and Life Sciences Services segments. The Life Sciences Products segment is involved in automated cold storage solutions for biological and chemical compound samples.

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Institutional Ownership by Quarter for Azenta (NASDAQ:AZTA)

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