Dimensional Fund Advisors LP Acquires 421,719 Shares of Azenta, Inc. (NASDAQ:AZTA)

Dimensional Fund Advisors LP raised its holdings in Azenta, Inc. (NASDAQ:AZTA) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,970,964 shares of the company’s stock after acquiring an additional 421,719 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.51% of Azenta worth $156,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Azenta during the fourth quarter valued at $140,856,000. Schroder Investment Management Group boosted its position in Azenta by 14.6% in the 4th quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock valued at $40,746,000 after buying an additional 79,913 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Azenta by 5.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,115,816 shares of the company’s stock worth $58,714,000 after acquiring an additional 56,387 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Azenta by 618.2% during the first quarter. Edgestream Partners L.P. now owns 58,644 shares of the company’s stock worth $3,535,000 after acquiring an additional 50,479 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Azenta during the fourth quarter valued at approximately $1,973,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $69.00 price target on shares of Azenta in a report on Wednesday, August 7th. Evercore ISI boosted their price target on Azenta from $52.00 to $53.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

Azenta Stock Down 0.5 %

Azenta stock opened at $49.27 on Friday. The business has a fifty day moving average of $52.45 and a two-hundred day moving average of $54.13. The firm has a market cap of $2.66 billion, a P/E ratio of -18.18 and a beta of 1.47. Azenta, Inc. has a twelve month low of $44.00 and a twelve month high of $69.16.

Azenta (NASDAQ:AZTA) last posted its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $173.00 million during the quarter, compared to analyst estimates of $166.14 million. Azenta had a positive return on equity of 0.89% and a negative net margin of 23.66%. Azenta’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities analysts expect that Azenta, Inc. will post 0.33 earnings per share 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.