Azenta, Inc. (NASDAQ:AZTA) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Azenta, Inc. (NASDAQ:AZTA) by 4.0% during the third quarter, HoldingsChannel reports. The firm owned 27,281 shares of the company’s stock after purchasing an additional 1,061 shares during the quarter. Victory Capital Management Inc.’s holdings in Azenta were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Azenta by 1.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,298,040 shares of the company’s stock valued at $278,783,000 after acquiring an additional 100,826 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Azenta by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,970,964 shares of the company’s stock valued at $156,331,000 after purchasing an additional 421,719 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Azenta by 16.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,298,856 shares of the company’s stock worth $62,917,000 after purchasing an additional 183,040 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Azenta by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 515,393 shares of the company’s stock worth $27,120,000 after purchasing an additional 18,680 shares during the period. Finally, Federated Hermes Inc. boosted its position in Azenta by 6.3% in the second quarter. Federated Hermes Inc. now owns 432,506 shares of the company’s stock valued at $22,758,000 after buying an additional 25,586 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Insider Buying and Selling at Azenta

In other Azenta news, Director William L. Cornog bought 12,500 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $39.60 per share, for a total transaction of $495,000.00. Following the transaction, the director now directly owns 14,755 shares of the company’s stock, valued at approximately $584,298. The trade was a 554.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Herman Cueto sold 1,595 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $43.68, for a total value of $69,669.60. Following the completion of the transaction, the chief financial officer now directly owns 24,604 shares of the company’s stock, valued at $1,074,702.72. The trade was a 6.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,018 shares of company stock valued at $126,689. Corporate insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AZTA. Needham & Company LLC reduced their price target on shares of Azenta from $69.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Evercore ISI reduced their target price on shares of Azenta from $53.00 to $50.00 and set an “in-line” rating for the company in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.60.

Azenta Trading Up 0.4 %

Shares of AZTA stock opened at $45.76 on Wednesday. Azenta, Inc. has a twelve month low of $38.82 and a twelve month high of $69.16. The stock has a market cap of $2.24 billion, a P/E ratio of -15.56 and a beta of 1.48. The stock has a 50 day moving average of $45.17 and a 200 day moving average of $50.00.

Azenta (NASDAQ:AZTA) last posted its earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Azenta had a negative net margin of 25.01% and a positive return on equity of 1.03%. The firm had revenue of $170.00 million during the quarter, compared to analyst estimates of $169.66 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts predict that Azenta, Inc. will post 0.4 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.