Empowered Funds LLC Invests $293,000 in Azenta, Inc. (NASDAQ:AZTA)

Empowered Funds LLC purchased a new stake in shares of Azenta, Inc. (NASDAQ:AZTA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,864 shares of the company’s stock, valued at approximately $293,000.

Several other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of Azenta by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock worth $74,000 after buying an additional 256 shares in the last quarter. KBC Group NV raised its holdings in Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after buying an additional 698 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Azenta in the fourth quarter worth about $200,000. Aigen Investment Management LP bought a new position in shares of Azenta during the third quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Azenta by 6.6% during the 3rd quarter. QRG Capital Management Inc. now owns 6,156 shares of the company’s stock valued at $298,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AZTA shares. Needham & Company LLC boosted their target price on shares of Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Evercore ISI boosted their price objective on shares of Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Azenta in a research note on Thursday, January 2nd.

Azenta Stock Performance

AZTA opened at $44.78 on Friday. The company’s 50-day simple moving average is $50.46 and its two-hundred day simple moving average is $48.18. The stock has a market capitalization of $2.05 billion, a P/E ratio of -15.03 and a beta of 1.47. Azenta, Inc. has a 52-week low of $38.82 and a 52-week high of $67.77.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Research analysts forecast that Azenta, Inc. will post 0.53 EPS for the current fiscal 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.