Quantinno Capital Management LP Acquires 10,183 Shares of Azenta, Inc. (NASDAQ:AZTA)

Quantinno Capital Management LP boosted its holdings in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 119.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,709 shares of the company's stock after acquiring an additional 10,183 shares during the period. Quantinno Capital Management LP's holdings in Azenta were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Boothbay Fund Management LLC lifted its holdings in Azenta by 8.4% during the fourth quarter. Boothbay Fund Management LLC now owns 6,571 shares of the company's stock worth $329,000 after acquiring an additional 509 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of Azenta by 305.7% in the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after purchasing an additional 532 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Azenta by 14.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,446 shares of the company's stock valued at $225,000 after purchasing an additional 576 shares in the last quarter. KBC Group NV lifted its holdings in shares of Azenta by 48.5% in the fourth quarter. KBC Group NV now owns 2,137 shares of the company's stock valued at $107,000 after purchasing an additional 698 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Azenta by 7.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,700 shares of the company's stock valued at $535,000 after purchasing an additional 702 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors.

Azenta Stock Up 0.0%

Shares of NASDAQ:AZTA traded up $0.01 during midday trading on Thursday, reaching $27.11. The company had a trading volume of 233,610 shares, compared to its average volume of 691,432. The business's 50 day moving average price is $28.44 and its 200 day moving average price is $40.63. The stock has a market cap of $1.24 billion, a PE ratio of -9.09 and a beta of 1.64. Azenta, Inc. has a 1-year low of $23.91 and a 1-year high of $63.58.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on AZTA shares. Needham & Company LLC cut their price target on Azenta from $59.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Evercore ISI boosted 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 upgraded Azenta to a "hold" rating in a report on Thursday, February 27th.

Azenta Company 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.