Nuveen Asset Management LLC Buys 173,699 Shares of Azenta, Inc. (NASDAQ:AZTA)

Nuveen Asset Management LLC raised its holdings in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 95.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 355,375 shares of the company's stock after acquiring an additional 173,699 shares during the period. Nuveen Asset Management LLC owned approximately 0.78% of Azenta worth $17,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management grew its holdings in shares of Azenta by 305.7% in the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after buying an additional 532 shares during the period. Headlands Technologies LLC acquired a new position in Azenta in the 4th quarter worth $40,000. Covestor Ltd boosted its stake in Azenta by 64.2% in the 4th quarter. Covestor Ltd now owns 2,043 shares of the company's stock worth $102,000 after purchasing an additional 799 shares during the period. KBC Group NV boosted its stake in Azenta by 48.5% in the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after purchasing an additional 698 shares during the period. Finally, Quarry LP acquired a new position in Azenta in the 4th quarter worth $110,000. Institutional investors and hedge funds own 99.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AZTA shares. 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. Needham & Company LLC decreased their target price on shares of Azenta from $59.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, TD Cowen raised shares of Azenta to a "hold" rating in a research note on Thursday, February 27th.

Azenta Trading Up 0.4%

Azenta stock traded up $0.10 during mid-day trading on Thursday, reaching $27.20. The company had a trading volume of 208,703 shares, compared to its average volume of 743,466. The business has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $40.63. The company has a market cap of $1.25 billion, a P/E ratio of -9.13 and a beta of 1.64. Azenta, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $63.58.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly 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 negative net margin of 24.91% and a positive return on equity of 1.25%. During the same quarter in the prior year, the company posted $0.06 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts forecast that Azenta, Inc. will post 0.53 EPS for the current year.

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.