Dynamic Technology Lab Private Ltd Makes New Investment in Azenta, Inc. $AZTA

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Azenta, Inc. by purchasing 14,580 shares valued at approximately $505,000 during the first quarter.
• Multiple institutional investors have significantly increased their holdings in Azenta, with Conestoga Capital Advisors growing its position by 21.4% and Millennium Management increasing theirs by 214.8%.
• Azenta's stock currently has a consensus rating of "Hold" with an average target price of $35.75, and the company reported earnings of $0.19 EPS for the last quarter, exceeding analysts' expectations.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,580 shares of the company's stock, valued at approximately $505,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Azenta by 788.1% during the first quarter. Farther Finance Advisors LLC now owns 968 shares of the company's stock valued at $33,000 after purchasing an additional 859 shares during the last quarter. State of Wyoming increased its stake in Azenta by 77.1% in the first quarter. State of Wyoming now owns 2,343 shares of the company's stock valued at $81,000 after acquiring an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Azenta by 13,184.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,524 shares of the company's stock valued at $87,000 after acquiring an additional 2,505 shares during the last quarter. Quarry LP raised its position in Azenta by 41.5% during the first quarter. Quarry LP now owns 3,120 shares of the company's stock valued at $108,000 after purchasing an additional 915 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Azenta by 8.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,842 shares of the company's stock worth $168,000 after purchasing an additional 396 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Raymond James Financial upgraded Azenta from a "market perform" rating to an "outperform" rating and set a $35.00 price objective on the stock in a research report on Wednesday, August 6th. Stephens assumed coverage on shares of Azenta in a research report on Tuesday, July 22nd. They set an "equal weight" rating and a $35.00 price target on the stock. Finally, Evercore ISI set a $33.00 price objective on shares of Azenta and gave the company an "in-line" rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $35.75.

Azenta Price Performance

NASDAQ:AZTA traded down $1.55 during trading hours on Friday, hitting $29.66. The company had a trading volume of 445,528 shares, compared to its average volume of 445,622. Azenta, Inc. has a 52 week low of $23.91 and a 52 week high of $55.63. The stock has a 50-day moving average price of $31.16 and a 200 day moving average price of $30.98. The company has a market capitalization of $1.36 billion, a PE ratio of -12.26 and a beta of 1.65.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $143.94 million during the quarter, compared to analyst estimates of $149.64 million. Azenta had a negative net margin of 18.45% and a positive return on equity of 1.35%. Azenta's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Analysts anticipate 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.