Fisher Asset Management LLC Reduces Holdings in Azenta, Inc. (NASDAQ:AZTA)

Fisher Asset Management LLC decreased its position in Azenta, Inc. (NASDAQ:AZTA) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,176 shares of the company’s stock after selling 233,405 shares during the period. Fisher Asset Management LLC owned 1.52% of Azenta worth $55,380,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Azenta during the 4th quarter worth approximately $140,856,000. Dimensional Fund Advisors LP boosted its position in shares of Azenta by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,231,792 shares of the company’s stock worth $145,382,000 after purchasing an additional 530,408 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Azenta during the 3rd quarter worth approximately $12,250,000. Bank of Nova Scotia purchased a new position in shares of Azenta during the 3rd quarter worth approximately $7,875,000. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Azenta by 13.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,291,284 shares of the company’s stock worth $84,114,000 after purchasing an additional 152,090 shares during the period. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Azenta Trading Down 1.6 %

Shares of AZTA opened at $53.91 on Monday. Azenta, Inc. has a twelve month low of $43.37 and a twelve month high of $69.16. The firm’s fifty day simple moving average is $52.67 and its 200-day simple moving average is $59.42. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -19.89 and a beta of 1.51.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The business had revenue of $159.13 million for the quarter, compared to analyst estimates of $159.89 million. During the same period last year, the business earned ($0.06) EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Azenta, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on AZTA shares. Evercore ISI decreased their price target on shares of Azenta from $64.00 to $60.00 and set an “in-line” rating for the company in a research report on Thursday, April 4th. Jefferies Financial Group started coverage on shares of Azenta in a research report on Thursday, April 4th. They issued a “hold” rating and a $64.00 price target for the company. Finally, Needham & Company LLC decreased their price target on shares of Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.40.

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.