Ontario Teachers Pension Plan Board Takes $1.40 Million Position in Azenta, Inc. (NASDAQ:AZTA)

Ontario Teachers Pension Plan Board bought a new position in shares of Azenta, Inc. (NASDAQ:AZTA) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 23,237 shares of the company’s stock, valued at approximately $1,401,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Azenta in the fourth quarter worth $36,000. Benjamin F. Edwards & Company Inc. acquired a new position in Azenta during the 1st quarter worth $38,000. Northwest Financial Advisors purchased a new stake in Azenta during the 4th quarter worth about $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Azenta in the 1st quarter valued at about $49,000. Finally, Headlands Technologies LLC boosted its stake in shares of Azenta by 35.6% in the 4th quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock valued at $58,000 after buying an additional 232 shares during the period. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Azenta Stock Up 0.6 %

Shares of NASDAQ AZTA traded up $0.37 during trading hours on Tuesday, reaching $58.14. The stock had a trading volume of 14,918 shares, compared to its average volume of 463,091. Azenta, Inc. has a fifty-two week low of $44.00 and a fifty-two week high of $69.16. The firm has a 50-day moving average of $52.98 and a 200-day moving average of $57.96.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The business had revenue of $159.13 million for the quarter, compared to analyst estimates of $159.89 million. During the same period last year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Azenta, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Azenta in a report on Thursday, April 4th. They issued a “hold” rating and a $64.00 target price on the stock. Needham & Company LLC decreased their price objective on shares of Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Evercore ISI boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

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.