Azenta, Inc. (NASDAQ:AZTA) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) by 15.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 803,801 shares of the company's stock after purchasing an additional 108,190 shares during the quarter. Stephens Investment Management Group LLC owned 1.76% of Azenta worth $27,844,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AZTA. Boothbay Fund Management LLC raised its position in shares of Azenta by 8.4% during the fourth quarter. Boothbay Fund Management LLC now owns 6,571 shares of the company's stock valued at $329,000 after buying an additional 509 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Azenta by 305.7% during the fourth 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Azenta by 14.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,446 shares of the company's stock valued at $225,000 after buying an additional 576 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Azenta by 6.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,617 shares of the company's stock valued at $437,000 after buying an additional 756 shares during the last quarter. Finally, Covestor Ltd raised 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 valued at $102,000 after buying an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company's stock.

Azenta Price Performance

Azenta stock traded up $0.17 during trading hours on Wednesday, reaching $32.08. The stock had a trading volume of 598,260 shares, compared to its average volume of 739,234. Azenta, Inc. has a 52 week low of $23.91 and a 52 week high of $63.58. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -23.08 and a beta of 1.64. The business's 50 day moving average price is $29.58 and its 200-day moving average price is $36.79.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data 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 10.31% and a positive return on equity of 1.30%. During the same quarter last year, the company posted $0.06 EPS. Azenta's quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AZTA shares. Evercore ISI boosted their price target on shares of Azenta from $29.00 to $35.00 and gave the stock an "in-line" rating in a research report on Tuesday, July 8th. 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 research report on Wednesday, May 7th.

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.