Susquehanna Fundamental Investments LLC Takes Position in Azenta, Inc. (NASDAQ:AZTA)

Susquehanna Fundamental Investments LLC bought a new position in Azenta, Inc. (NASDAQ:AZTA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 78,501 shares of the company's stock, valued at approximately $3,925,000. Susquehanna Fundamental Investments LLC owned 0.17% of Azenta at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Azenta during the 4th quarter valued at about $47,350,000. Conestoga Capital Advisors LLC increased its holdings in Azenta by 65.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company's stock valued at $78,894,000 after buying an additional 621,830 shares during the last quarter. Norges Bank bought a new position in Azenta in the fourth quarter worth approximately $25,403,000. Schroder Investment Management Group raised its position in Azenta by 46.7% in the fourth quarter. Schroder Investment Management Group now owns 1,405,056 shares of the company's stock worth $70,183,000 after acquiring an additional 447,292 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Azenta during the 4th quarter valued at $20,469,000. Hedge funds and other institutional investors own 99.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore ISI lifted their target price on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th. TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC raised their target price 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.

Azenta Stock Performance

Shares of Azenta stock traded up $0.73 during trading hours on Friday, hitting $26.96. The company's stock had a trading volume of 774,940 shares, compared to its average volume of 654,663. The company has a market cap of $1.23 billion, a PE ratio of -9.05 and a beta of 1.66. The business has a 50 day moving average price of $33.14 and a two-hundred day moving average price of $42.61. Azenta, Inc. has a 12-month low of $24.06 and a 12-month high of $63.58.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. As a group, research analysts anticipate that Azenta, Inc. will post 0.53 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.