Squarepoint Ops LLC Buys 69,869 Shares of Azenta, Inc. (NASDAQ:AZTA)

Squarepoint Ops LLC grew its holdings in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 68.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,318 shares of the company's stock after purchasing an additional 69,869 shares during the quarter. Squarepoint Ops LLC owned about 0.37% of Azenta worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AZTA. KLP Kapitalforvaltning AS bought a new position in shares of Azenta in the fourth quarter valued at approximately $530,000. State of Alaska Department of Revenue grew its holdings in Azenta by 355.2% during the fourth quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company's stock valued at $1,294,000 after purchasing an additional 20,210 shares during the period. Stephens Inc. AR bought a new position in shares of Azenta in the fourth quarter valued at approximately $313,000. Thrivent Financial for Lutherans boosted its position in shares of Azenta by 206.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,223 shares of the company's stock valued at $1,761,000 after acquiring an additional 23,731 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Azenta in the fourth quarter worth $813,000. 99.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Azenta Stock Performance

Shares of NASDAQ AZTA traded down $0.16 during trading hours on Thursday, hitting $26.95. The company's stock had a trading volume of 254,561 shares, compared to its average volume of 691,573. Azenta, Inc. has a 12 month low of $23.91 and a 12 month high of $63.58. The business has a 50-day simple moving average of $28.44 and a 200-day simple moving average of $40.63. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -9.01 and a beta of 1.64.

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 analysts' consensus estimates of $0.09 by ($0.04). Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. During the same period in the previous year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Azenta, Inc. will post 0.53 EPS for the current 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.