XTX Topco Ltd Purchases 4,308 Shares of Azenta, Inc. (NASDAQ:AZTA)

XTX Topco Ltd boosted its holdings in shares of Azenta, Inc. (NASDAQ:AZTA) by 77.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,868 shares of the company’s stock after acquiring an additional 4,308 shares during the period. XTX Topco Ltd’s holdings in Azenta were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Azenta by 3.8% during the 4th quarter. US Bancorp DE now owns 13,239 shares of the company’s stock valued at $862,000 after purchasing an additional 480 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Azenta by 8.6% during the 4th quarter. Neuberger Berman Group LLC now owns 7,770 shares of the company’s stock worth $506,000 after buying an additional 616 shares during the period. TFO Wealth Partners LLC lifted its stake in Azenta by 152,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 6,086 shares of the company’s stock valued at $396,000 after buying an additional 6,082 shares in the last quarter. Otter Creek Advisors LLC acquired a new position in shares of Azenta in the fourth quarter valued at approximately $1,511,000. Finally, Stephens Investment Management Group LLC increased its position in shares of Azenta by 1.7% during the fourth 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 in the last quarter. 99.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZTA has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Azenta in a research report on Wednesday, August 7th. Evercore ISI upped their price objective on Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Three 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.com, Azenta presently has an average rating of “Hold” and a consensus target price of $67.00.

Azenta Trading Down 0.2 %

Azenta stock opened at $48.98 on Wednesday. Azenta, Inc. has a 1-year low of $44.00 and a 1-year high of $69.16. The company has a fifty day simple moving average of $52.11 and a 200 day simple moving average of $53.61. The company has a market cap of $2.64 billion, a P/E ratio of -18.07 and a beta of 1.47.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. Azenta had a positive return on equity of 0.89% and a negative net margin of 23.66%. The company had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $166.14 million. During the same quarter last year, the company earned $0.13 EPS. Azenta’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Azenta, Inc. will post 0.33 EPS for the current year.

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.