Exchange Traded Concepts LLC Grows Stock Holdings in Azenta, Inc. (NASDAQ:AZTA)

Exchange Traded Concepts LLC increased its stake in Azenta, Inc. (NASDAQ:AZTA) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 375,627 shares of the company’s stock after buying an additional 25,545 shares during the period. Exchange Traded Concepts LLC’s holdings in Azenta were worth $18,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AZTA. Allspring Global Investments Holdings LLC boosted its stake in shares of Azenta by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,298,856 shares of the company’s stock worth $62,917,000 after buying an additional 183,040 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Azenta by 433.6% in the second quarter. Squarepoint Ops LLC now owns 73,055 shares of the company’s stock valued at $3,844,000 after acquiring an additional 59,364 shares during the period. Royce & Associates LP boosted its position in Azenta by 7.8% in the third quarter. Royce & Associates LP now owns 739,977 shares of the company’s stock worth $35,844,000 after purchasing an additional 53,584 shares during the last quarter. Sei Investments Co. grew its stake in shares of Azenta by 73.4% during the 2nd quarter. Sei Investments Co. now owns 113,894 shares of the company’s stock valued at $5,993,000 after purchasing an additional 48,194 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Azenta during the 3rd quarter valued at about $1,979,000. Institutional investors own 99.08% of the company’s stock.

Insiders Place Their Bets

In other Azenta news, CFO Herman Cueto sold 712 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.07, for a total value of $28,529.84. Following the completion of the transaction, the chief financial officer now directly owns 23,892 shares in the company, valued at $957,352.44. This represents a 2.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William L. Cornog acquired 12,500 shares of Azenta stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $39.60 per share, for a total transaction of $495,000.00. Following the transaction, the director now 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 disclosure for this purchase can be found here. In the last quarter, insiders sold 1,423 shares of company stock worth $57,020. Corporate insiders own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AZTA shares. Needham & Company LLC dropped their price objective on shares of Azenta from $69.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Azenta in a research report on Thursday, January 2nd. Finally, Evercore ISI cut their price objective on shares of Azenta from $53.00 to $50.00 and set an “in-line” rating for the company in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Azenta presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Azenta Trading Down 1.0 %

Azenta stock opened at $54.18 on Friday. Azenta, Inc. has a 12-month low of $38.82 and a 12-month high of $67.86. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -18.26 and a beta of 1.47. The firm has a 50 day moving average of $48.64 and a 200 day moving average of $49.09.

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

Azenta Company 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.