Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Azenta, Inc. (NASDAQ:AZTA) by 35.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,059,429 shares of the company’s stock after selling 593,652 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.90% of Azenta worth $63,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Azenta by 31.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,231,792 shares of the company’s stock worth $145,382,000 after acquiring an additional 530,408 shares during the last quarter. Norges Bank acquired a new stake in shares of Azenta in the 4th quarter worth $140,856,000. Conestoga Capital Advisors LLC increased its stake in shares of Azenta by 13.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,291,284 shares of the company’s stock worth $84,114,000 after acquiring an additional 152,090 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Azenta by 1.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 887,158 shares of the company’s stock worth $57,789,000 after acquiring an additional 14,626 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Azenta by 14.6% in the 4th quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock worth $40,746,000 after acquiring an additional 79,913 shares during the last quarter. 99.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AZTA. Jefferies Financial Group began coverage on Azenta in a research note on Thursday, April 4th. They issued a “hold” rating and a $64.00 target price for the company. Needham & Company LLC lowered their price target on Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Evercore ISI increased their price target on Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Azenta presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Azenta Trading Up 1.0 %

NASDAQ AZTA opened at $51.53 on Wednesday. The stock has a market cap of $2.78 billion, a PE ratio of -19.01 and a beta of 1.51. Azenta, Inc. has a twelve month low of $43.43 and a twelve month high of $69.16. The stock has a fifty day simple moving average of $52.81 and a 200-day simple moving average of $59.03.

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

About Azenta

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.