Natixis Acquires New Holdings in Azenta, Inc. (NASDAQ:AZTA)

Natixis purchased a new stake in shares of Azenta, Inc. (NASDAQ:AZTA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the company’s stock, valued at approximately $151,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Azenta during the fourth quarter valued at approximately $36,000. Benjamin F. Edwards & Company Inc. acquired a new position in Azenta during the first quarter valued at approximately $38,000. Northwest Financial Advisors acquired a new position in Azenta during the fourth quarter valued at approximately $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Azenta during the first quarter valued at approximately $49,000. Finally, Headlands Technologies LLC grew its holdings in Azenta by 35.6% during the fourth quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock valued at $58,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AZTA shares. Needham & Company LLC lowered their price target on Azenta from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Evercore ISI raised their price objective on shares of Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Azenta in a research note on Thursday, April 4th. They issued a “hold” rating and a $64.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Azenta Price Performance

Shares of NASDAQ AZTA opened at $60.22 on Friday. The business has a fifty day moving average of $53.57 and a two-hundred day moving average of $57.89. Azenta, Inc. has a 52-week low of $44.00 and a 52-week high of $69.16.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Azenta had a positive return on equity of 0.81% and a negative net margin of 23.12%. The company had revenue of $159.13 million during the quarter, compared to analysts’ expectations of $159.89 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Azenta, Inc. will post 0.28 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.