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

Susquehanna Fundamental Investments LLC bought a new position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds have also bought and sold shares of AZTA. KLP Kapitalforvaltning AS bought a new position in shares of Azenta in the fourth quarter worth $530,000. State of Alaska Department of Revenue increased its stake in Azenta by 355.2% in the 4th quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company's stock worth $1,294,000 after acquiring an additional 20,210 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of Azenta in the 4th quarter valued at about $313,000. Thrivent Financial for Lutherans boosted its position in shares of Azenta by 206.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 35,223 shares of the company's stock valued at $1,761,000 after acquiring an additional 23,731 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Azenta during the fourth quarter worth about $813,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AZTA. TD Cowen raised shares of Azenta to a "hold" rating in a research note on Thursday, February 27th. Needham & Company LLC raised their price objective on shares of Azenta from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Evercore ISI upped their target price on shares of Azenta from $50.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th.

Azenta Stock Performance

AZTA traded up $0.73 during midday trading on Friday, hitting $26.96. The stock had a trading volume of 774,940 shares, compared to its average volume of 653,538. Azenta, Inc. has a 1 year low of $24.06 and a 1 year high of $63.58. The business has a fifty day moving average of $33.14 and a 200 day moving average of $42.63. The company has a market cap of $1.23 billion, a P/E ratio of -9.05 and a beta of 1.66.

Azenta (NASDAQ:AZTA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Azenta, Inc. will post 0.53 earnings per share for the current year.

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.