24,851 Shares in Azenta, Inc. (NASDAQ:AZTA) Acquired by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new position in Azenta, Inc. (NASDAQ:AZTA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,851 shares of the company's stock, valued at approximately $861,000. Wakefield Asset Management LLLP owned about 0.05% of Azenta as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AZTA. Farther Finance Advisors LLC boosted its stake in shares of Azenta by 788.1% during the first quarter. Farther Finance Advisors LLC now owns 968 shares of the company's stock valued at $33,000 after purchasing an additional 859 shares during the period. Headlands Technologies LLC purchased a new stake in Azenta in the fourth quarter worth about $40,000. Covestor Ltd lifted its stake in Azenta by 64.2% in the fourth quarter. Covestor Ltd now owns 2,043 shares of the company's stock worth $102,000 after acquiring an additional 799 shares during the period. Quarry LP bought a new position in Azenta in the fourth quarter worth about $110,000. Finally, Sterling Capital Management LLC raised its holdings in Azenta by 39.8% in the fourth quarter. Sterling Capital Management LLC now owns 2,856 shares of the company's stock worth $143,000 after purchasing an additional 813 shares in the last quarter. Institutional investors own 99.08% of the company's stock.

Azenta Stock Down 1.5%

Shares of AZTA traded down $0.52 during mid-day trading on Thursday, hitting $33.96. 509,135 shares of the company traded hands, compared to its average volume of 972,295. Azenta, Inc. has a 1-year low of $23.91 and a 1-year high of $63.58. The company has a market capitalization of $1.55 billion, a PE ratio of -24.43 and a beta of 1.64. The business has a 50 day moving average of $30.06 and a 200 day moving average of $36.18.

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. As a group, research analysts expect that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC reduced their target price on shares of Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Stephens upgraded shares of Azenta to a "hold" rating and set a $35.00 target price for the company in a report on Tuesday. Finally, Evercore ISI boosted their target price on shares of Azenta from $29.00 to $35.00 and gave the stock an "in-line" rating in a report on Tuesday, July 8th.

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.