Corebridge Financial Inc. Sells 55,935 Shares of Azenta, Inc. (NASDAQ:AZTA)

Corebridge Financial Inc. cut its holdings in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 96.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,941 shares of the company's stock after selling 55,935 shares during the quarter. Corebridge Financial Inc.'s holdings in Azenta were worth $97,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Azenta by 6.5% in the 3rd quarter. Stifel Financial Corp now owns 59,241 shares of the company's stock valued at $2,870,000 after purchasing an additional 3,601 shares during the period. State Street Corp grew its holdings in shares of Azenta by 0.4% during the third quarter. State Street Corp now owns 1,686,993 shares of the company's stock worth $81,718,000 after buying an additional 6,398 shares in the last quarter. Virtu Financial LLC acquired a new stake in Azenta in the 3rd quarter valued at approximately $352,000. Nordea Investment Management AB lifted its stake in Azenta by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 84,804 shares of the company's stock valued at $4,326,000 after acquiring an additional 4,606 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Azenta during the 4th quarter worth approximately $927,000. 99.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AZTA has been the topic of a number of research reports. TD Cowen raised shares of Azenta to a "hold" rating in a research report on Thursday, February 27th. Evercore ISI boosted their price target 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. Stephens restated an "overweight" rating and set a $60.00 price objective on shares of Azenta in a research note on Thursday, January 2nd. Finally, Needham & Company LLC lifted their target price on Azenta from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, February 6th.

Azenta Trading Down 1.0 %

Shares of Azenta stock traded down $0.25 during trading on Friday, hitting $25.25. 880,637 shares of the stock were exchanged, compared to its average volume of 639,401. Azenta, Inc. has a 1-year low of $24.68 and a 1-year high of $63.58. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -8.47 and a beta of 1.66. The company has a fifty day moving average price of $36.94 and a 200-day moving average price of $43.94.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 1.25% and a negative net margin of 24.91%. Equities research analysts forecast that Azenta, Inc. will post 0.53 EPS for the current fiscal 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.