Azenta, Inc. (NASDAQ:AZTA) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of Azenta, Inc. (NASDAQ:AZTA) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,700 shares of the company’s stock after purchasing an additional 702 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Azenta were worth $535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund acquired a new position in Azenta during the 4th quarter worth approximately $1,308,000. Y Intercept Hong Kong Ltd acquired a new position in Azenta during the 4th quarter worth approximately $1,080,000. New York State Common Retirement Fund grew its holdings in shares of Azenta by 41.0% in the 4th quarter. New York State Common Retirement Fund now owns 265,983 shares of the company’s stock worth $13,299,000 after acquiring an additional 77,409 shares during the period. Peregrine Capital Management LLC grew its holdings in shares of Azenta by 53.6% in the 4th quarter. Peregrine Capital Management LLC now owns 149,377 shares of the company’s stock worth $7,469,000 after acquiring an additional 52,120 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Azenta by 94.4% in the 4th quarter. Principal Financial Group Inc. now owns 221,083 shares of the company’s stock worth $11,054,000 after acquiring an additional 107,339 shares during the period. Institutional investors and hedge funds own 99.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price target on Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th. Needham & Company LLC upped their price target on Azenta from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. TD Cowen upgraded Azenta to a “hold” rating in a report on Thursday. Finally, Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Azenta currently has a consensus rating of “Hold” and an average target price of $58.75.

Azenta Stock Performance

Shares of NASDAQ:AZTA opened at $43.62 on Monday. The business’s fifty day moving average price is $50.17 and its two-hundred day moving average price is $47.69. The stock has a market cap of $1.99 billion, a PE ratio of -14.64 and a beta of 1.47. Azenta, Inc. has a one year low of $38.82 and a one year high of $67.77.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. As a group, equities research analysts predict that Azenta, Inc. will post 0.53 earnings per share 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.