SG Americas Securities LLC Purchases 14,719 Shares of Azenta, Inc. (NASDAQ:AZTA)

SG Americas Securities LLC increased its position in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 90.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,972 shares of the company's stock after acquiring an additional 14,719 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Azenta worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Azenta in the fourth quarter valued at about $530,000. Deutsche Bank AG raised its stake in Azenta by 28.5% during the 4th quarter. Deutsche Bank AG now owns 4,199 shares of the company's stock valued at $210,000 after purchasing an additional 931 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Azenta by 206.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,223 shares of the company's stock worth $1,761,000 after purchasing an additional 23,731 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Azenta in the 4th quarter worth approximately $910,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in Azenta by 28.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 51,312 shares of the company's stock worth $2,566,000 after purchasing an additional 11,304 shares during the period. Institutional investors own 99.08% of the company's stock.

Analysts Set New Price Targets

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

Azenta Price Performance

Shares of NASDAQ AZTA traded up $0.63 during mid-day trading on Thursday, hitting $29.94. 776,543 shares of the company's stock traded hands, compared to its average volume of 701,706. Azenta, Inc. has a 1 year low of $23.91 and a 1 year high of $63.58. The company's 50-day moving average is $27.41 and its two-hundred day moving average is $39.02. The company has a market capitalization of $1.37 billion, a P/E ratio of -21.54 and a beta of 1.62.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Equities 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.