New York State Teachers Retirement System Reduces Holdings in Azenta, Inc. (NASDAQ:AZTA)

New York State Teachers Retirement System reduced its holdings in shares of Azenta, Inc. (NASDAQ:AZTA – Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,277 shares of the company’s stock after selling 1,493 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of Azenta worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AZTA. EverSource Wealth Advisors LLC boosted its stake in shares of Azenta by 321.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 485 shares of the company’s stock worth $28,000 after purchasing an additional 370 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Azenta by 82.8% during the 4th quarter. Quadrant Capital Group LLC now owns 817 shares of the company’s stock worth $48,000 after purchasing an additional 370 shares during the last quarter. CWM LLC boosted its stake in shares of Azenta by 47.2% during the 4th quarter. CWM LLC now owns 1,490 shares of the company’s stock worth $87,000 after purchasing an additional 478 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Azenta by 41.2% during the 4th quarter. Van ECK Associates Corp now owns 1,516 shares of the company’s stock worth $88,000 after purchasing an additional 442 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Azenta during the 4th quarter worth about $113,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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Azenta Stock Performance

AZTA opened at $45.75 on Friday. Azenta, Inc. has a 1 year low of $36.01 and a 1 year high of $71.34. The company’s 50 day simple moving average is $44.67 and its 200 day simple moving average is $46.53. The stock has a market capitalization of $2.98 billion, a PE ratio of -72.62 and a beta of 1.55.

Azenta (NASDAQ:AZTA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Azenta had a negative net margin of 7.79% and a positive return on equity of 0.81%. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $161.90 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Azenta, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

AZTA has been the topic of several analyst reports. TheStreet cut shares of Azenta from a “c-” rating to a “d” rating in a research note on Wednesday, May 10th. Raymond James started coverage on shares of Azenta in a research report on Tuesday, July 18th. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC decreased their target price on shares of Azenta from $68.00 to $55.00 in a research report on Wednesday, May 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.20.

Azenta Profile

(Free Report)

Azenta, Inc provides life science sample exploration and management solutions for the life sciences market in North America, Europe, China, the Asia Pacific, and internationally. The company operates through two reportable segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated cold sample management systems for compound and biological sample storage; equipment for sample preparation and handling; consumables; and instruments that help customers in managing samples throughout their research discovery and development workflows.

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