New Mexico Educational Retirement Board Sells 3,200 Shares of Azenta, Inc. (NASDAQ:AZTA)

New Mexico Educational Retirement Board lessened its holdings in Azenta, Inc. (NASDAQ:AZTA) by 22.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,900 shares of the company’s stock after selling 3,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Azenta were worth $574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Azenta by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 14,050 shares of the company’s stock worth $739,000 after buying an additional 269 shares in the last quarter. Victory Capital Management Inc. grew its position in Azenta by 31.7% in the second quarter. Victory Capital Management Inc. now owns 26,220 shares of the company’s stock valued at $1,380,000 after acquiring an additional 6,318 shares during the period. Hantz Financial Services Inc. acquired a new position in Azenta during the second quarter worth $30,000. Hudson Value Partners LLC lifted its holdings in shares of Azenta by 2.3% during the second quarter. Hudson Value Partners LLC now owns 54,061 shares of the company’s stock valued at $2,845,000 after acquiring an additional 1,214 shares during the period. Finally, Peregrine Capital Management LLC boosted its stake in shares of Azenta by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 97,043 shares of the company’s stock valued at $5,106,000 after purchasing an additional 1,259 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

Azenta Trading Up 1.2 %

AZTA opened at $47.81 on Friday. Azenta, Inc. has a 1-year low of $44.00 and a 1-year high of $69.16. The stock has a market capitalization of $2.58 billion, a PE ratio of -17.64 and a beta of 1.47. The firm has a 50-day moving average price of $53.18 and a two-hundred day moving average price of $55.12.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Azenta had a negative net margin of 23.66% and a positive return on equity of 0.89%. The business had revenue of $173.00 million during the quarter, compared to analyst estimates of $166.14 million. During the same quarter last year, the business posted $0.13 earnings per share. Azenta’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts predict that Azenta, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AZTA. Evercore ISI lifted their price target on shares of Azenta from $52.00 to $53.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $69.00 price objective on shares of Azenta in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Azenta presently has a consensus rating of “Hold” and a consensus target price of $67.00.

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.