ExodusPoint Capital Management LP Sells 43,526 Shares of Azenta, Inc. (NASDAQ:AZTA)

ExodusPoint Capital Management LP cut its holdings in Azenta, Inc. (NASDAQ:AZTA) by 39.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,649 shares of the company’s stock after selling 43,526 shares during the period. ExodusPoint Capital Management LP’s holdings in Azenta were worth $3,332,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AZTA. State of Alaska Department of Revenue lifted its stake in shares of Azenta by 355.2% in the 4th quarter. State of Alaska Department of Revenue now owns 25,899 shares of the company’s stock valued at $1,294,000 after acquiring an additional 20,210 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Azenta in the 4th quarter worth approximately $530,000. Stephens Inc. AR bought a new stake in Azenta in the fourth quarter valued at approximately $313,000. SG Americas Securities LLC purchased a new stake in shares of Azenta during the fourth quarter valued at approximately $813,000. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Azenta by 65.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company’s stock valued at $78,894,000 after purchasing an additional 621,830 shares during the period. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZTA has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Evercore ISI upped their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, February 6th. Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Azenta in a report on Thursday, January 2nd. Finally, TD Cowen upgraded Azenta to a “hold” rating in a report on Thursday, February 27th.

Azenta Stock Down 7.0 %

NASDAQ:AZTA opened at $29.12 on Monday. The firm’s fifty day simple moving average is $43.01 and its 200 day simple moving average is $45.73. The stock has a market cap of $1.33 billion, a P/E ratio of -9.77 and a beta of 1.66. Azenta, Inc. has a twelve month low of $27.93 and a twelve month high of $63.58.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. On average, analysts expect that Azenta, Inc. will post 0.53 EPS 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.