Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its stake in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 76.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,097 shares of the company's stock after selling 123,462 shares during the quarter. Balyasny Asset Management L.P. owned about 0.08% of Azenta worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Azenta during the 4th quarter worth approximately $530,000. State of Alaska Department of Revenue lifted its holdings in shares of Azenta by 355.2% in the 4th quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company's stock valued at $1,294,000 after buying an additional 20,210 shares during the period. Stephens Inc. AR acquired a new stake in shares of Azenta in the 4th quarter valued at approximately $313,000. Thrivent Financial for Lutherans lifted its holdings in shares of Azenta by 206.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,223 shares of the company's stock valued at $1,761,000 after buying an additional 23,731 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Azenta in the 4th quarter valued at approximately $813,000. 99.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Needham & Company LLC reduced their price target on Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Evercore ISI raised their price target on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Finally, TD Cowen raised Azenta to a "hold" rating in a report on Thursday, February 27th.

Azenta Price Performance

NASDAQ AZTA opened at $28.30 on Tuesday. Azenta, Inc. has a 1-year low of $23.91 and a 1-year high of $63.58. The company has a market capitalization of $1.29 billion, a P/E ratio of -9.50 and a beta of 1.64. The business has a 50 day moving average price of $31.20 and a 200 day moving average price of $41.95.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. During the same period in the previous year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts expect that Azenta, Inc. will post 0.53 earnings per share 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.

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