Oak Thistle LLC Invests $927,000 in Azenta, Inc. (NASDAQ:AZTA)

Oak Thistle LLC acquired a new stake in Azenta, Inc. (NASDAQ:AZTA) in the fourth quarter, Holdings Channel reports. The firm acquired 18,544 shares of the company’s stock, valued at approximately $927,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AZTA. Farther Finance Advisors LLC increased its stake in shares of Azenta by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $74,000 after buying an additional 256 shares during the period. Green Alpha Advisors LLC boosted its holdings in Azenta by 3.5% in the third quarter. Green Alpha Advisors LLC now owns 10,203 shares of the company’s stock valued at $494,000 after acquiring an additional 348 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Azenta by 6.6% in the third quarter. QRG Capital Management Inc. now owns 6,156 shares of the company’s stock valued at $298,000 after acquiring an additional 383 shares during the last quarter. Handelsbanken Fonder AB increased its position in Azenta by 3.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,981 shares of the company’s stock valued at $629,000 after purchasing an additional 400 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in Azenta by 6.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,379 shares of the company’s stock worth $551,000 after purchasing an additional 679 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AZTA shares. Needham & Company LLC decreased their price objective 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 decreased their price target on Azenta from $53.00 to $50.00 and set an “in-line” rating for the company in a report on Tuesday, October 1st. Finally, Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Azenta in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Azenta currently has an average rating of “Moderate Buy” and an average target price of $61.60.

Azenta Stock Up 1.7 %

Shares of NASDAQ AZTA opened at $52.30 on Thursday. The firm has a market cap of $2.39 billion, a PE ratio of -17.61 and a beta of 1.47. The company’s fifty day simple moving average is $47.49 and its 200 day simple moving average is $48.97. Azenta, Inc. has a 12-month low of $38.82 and a 12-month high of $69.16.

Azenta (NASDAQ:AZTA) last issued its earnings results on Tuesday, November 12th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. Azenta had a positive return on equity of 1.03% and a negative net margin of 25.01%. The company had revenue of $170.00 million during the quarter, compared to the consensus estimate of $169.66 million. During the same period last year, the business posted $0.13 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts predict that Azenta, Inc. will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Azenta

In other Azenta news, Director William L. Cornog purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $39.60 per share, with a total value of $495,000.00. Following the transaction, the director now owns 14,755 shares in the company, valued at $584,298. The trade was a 554.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Herman Cueto sold 712 shares of Azenta stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.07, for a total value of $28,529.84. Following the transaction, the chief financial officer now owns 23,892 shares of the company’s stock, valued at $957,352.44. This trade represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,423 shares of company stock valued at $57,020. Company insiders own 10.62% of the company’s stock.

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.