Two Sigma Investments LP Grows Position in Azenta, Inc. (NASDAQ:AZTA)

Two Sigma Investments LP grew its position in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 178.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,795 shares of the company's stock after buying an additional 110,758 shares during the period. Two Sigma Investments LP owned 0.38% of Azenta worth $8,640,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock worth $35,000 after acquiring an additional 532 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Azenta during the fourth quarter worth $40,000. Covestor Ltd increased its position in shares of Azenta by 64.2% during the fourth quarter. Covestor Ltd now owns 2,043 shares of the company's stock worth $102,000 after purchasing an additional 799 shares in the last quarter. KBC Group NV lifted its holdings in shares of Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock valued at $107,000 after purchasing an additional 698 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Azenta in the 4th quarter worth $110,000. 99.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on AZTA shares. Needham & Company LLC reduced their target price on Azenta from $59.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th. Finally, Evercore ISI increased their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th.

Azenta Stock Performance

AZTA stock traded down $0.36 during midday trading on Friday, reaching $26.98. The stock had a trading volume of 92,039 shares, compared to its average volume of 692,705. Azenta, Inc. has a 52-week low of $23.91 and a 52-week high of $63.58. The stock has a market cap of $1.23 billion, a PE ratio of -9.08 and a beta of 1.64. The firm has a fifty day simple moving average of $28.23 and a two-hundred day simple moving average of $40.50.

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