Stephens Investment Management Group LLC Buys 3,372 Shares of Azenta, Inc. $AZTA

Stephens Investment Management Group LLC increased its holdings in Azenta, Inc. (NASDAQ:AZTA) by 0.4% in the 2nd quarter, Holdings Channel reports. The fund owned 807,173 shares of the company’s stock after buying an additional 3,372 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Azenta were worth $24,845,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Azenta in the 1st quarter worth about $505,000. Exchange Traded Concepts LLC increased its stake in Azenta by 44.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 417,597 shares of the company’s stock valued at $12,854,000 after purchasing an additional 128,084 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in Azenta during the 2nd quarter valued at about $321,000. Caxton Associates LLP bought a new stake in Azenta during the 1st quarter valued at about $1,347,000. Finally, Nordea Investment Management AB increased its stake in Azenta by 31.7% during the 2nd quarter. Nordea Investment Management AB now owns 149,200 shares of the company’s stock valued at $4,566,000 after purchasing an additional 35,874 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AZTA. Raymond James Financial upgraded shares of Azenta from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Azenta in a report on Wednesday, October 8th. Evercore ISI set a $33.00 price target on shares of Azenta and gave the company an “in-line” rating in a report on Tuesday, August 5th. Finally, Stephens started coverage on shares of Azenta in a report on Tuesday, July 22nd. They set an “equal weight” rating and a $35.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.75.

Azenta Stock Performance

Shares of AZTA opened at $31.71 on Thursday. The company’s fifty day moving average is $30.50 and its 200 day moving average is $29.66. The stock has a market capitalization of $1.45 billion, a PE ratio of -13.10 and a beta of 1.62. Azenta, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $55.63.

Azenta (NASDAQ:AZTA) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $143.94 million during the quarter, compared to analyst estimates of $149.64 million. Azenta had a negative net margin of 18.45% and a positive return on equity of 1.35%. Azenta’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, research analysts forecast that Azenta, Inc. will post 0.53 earnings per share 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.