Azenta, Inc. (NASDAQ:AZTA) Shares Acquired by Palisade Capital Management LP

Palisade Capital Management LP raised its position in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 868,324 shares of the company's stock after buying an additional 57,418 shares during the quarter. Palisade Capital Management LP owned approximately 1.90% of Azenta worth $30,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Azenta by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,033,171 shares of the company's stock valued at $151,659,000 after acquiring an additional 26,929 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Azenta by 21.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,915,556 shares of the company's stock valued at $66,355,000 after purchasing an additional 337,675 shares during the period. Schroder Investment Management Group raised its stake in shares of Azenta by 46.7% during the fourth quarter. Schroder Investment Management Group now owns 1,405,056 shares of the company's stock worth $70,183,000 after purchasing an additional 447,292 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Azenta during the fourth quarter worth approximately $47,350,000. Finally, Federated Hermes Inc. raised its stake in shares of Azenta by 65.9% during the fourth quarter. Federated Hermes Inc. now owns 762,189 shares of the company's stock worth $38,109,000 after purchasing an additional 302,786 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC cut their price target on Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

Azenta Price Performance

Shares of AZTA stock traded down $1.42 during trading hours on Friday, reaching $31.43. 543,408 shares of the company's stock were exchanged, compared to its average volume of 735,375. The company has a market cap of $1.44 billion, a P/E ratio of -22.61 and a beta of 1.64. The company's 50 day moving average is $28.54 and its two-hundred day moving average is $37.59. 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 issued 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 positive return on equity of 1.30% and a negative net margin of 10.31%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. As a group, 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.