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

New York State Teachers Retirement System boosted its holdings in shares of Azenta, Inc. (NASDAQ:AZTA) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,915 shares of the company’s stock after acquiring an additional 2,750 shares during the period. New York State Teachers Retirement System owned 0.16% of Azenta worth $3,546,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Azenta by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $74,000 after acquiring an additional 256 shares during the period. KBC Group NV raised its holdings in Azenta by 48.5% in the fourth quarter. KBC Group NV now owns 2,137 shares of the company’s stock worth $107,000 after buying an additional 698 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Azenta in the fourth quarter worth about $200,000. Aigen Investment Management LP purchased a new position in Azenta in the third quarter worth about $214,000. Finally, Empowered Funds LLC purchased a new position in Azenta in the fourth quarter worth about $293,000. 99.08% of the stock is owned by hedge funds and other institutional investors.

Azenta Stock Down 0.1 %

Shares of AZTA stock opened at $44.75 on Friday. The company has a 50 day moving average price of $50.45 and a 200-day moving average price of $48.11. Azenta, Inc. has a 52 week low of $38.82 and a 52 week high of $67.77. The firm has a market capitalization of $2.05 billion, a PE ratio of -15.02 and a beta of 1.47.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Analysts anticipate that Azenta, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AZTA. Evercore ISI lifted their target price 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. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Azenta in a research note on Thursday, January 2nd. Finally, Needham & Company LLC lifted their price target on shares of Azenta from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

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.