New Mexico Educational Retirement Board Has $574,000 Holdings in Azenta, Inc. (NASDAQ:AZTA)

New Mexico Educational Retirement Board trimmed its stake in Azenta, Inc. (NASDAQ:AZTA) by 22.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,900 shares of the company’s stock after selling 3,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Azenta were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Azenta by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,231,792 shares of the company’s stock valued at $145,382,000 after purchasing an additional 530,408 shares during the period. Norges Bank bought a new position in Azenta in the 4th quarter worth $140,856,000. Allspring Global Investments Holdings LLC lifted its position in Azenta by 5.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,115,816 shares of the company’s stock worth $58,714,000 after acquiring an additional 56,387 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Azenta by 1.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 887,158 shares of the company’s stock worth $57,789,000 after acquiring an additional 14,626 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Azenta by 14.6% during the fourth quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock valued at $40,746,000 after acquiring an additional 79,913 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Azenta Stock Performance

Shares of AZTA opened at $47.81 on Friday. The company has a 50-day simple moving average of $53.18 and a 200-day simple moving average of $55.12. Azenta, Inc. has a 52 week low of $44.00 and a 52 week high of $69.16. The firm has a market capitalization of $2.58 billion, a P/E ratio of -17.64 and a beta of 1.47.

Azenta (NASDAQ:AZTA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $166.14 million. Azenta had a positive return on equity of 0.89% and a negative net margin of 23.66%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities analysts forecast that Azenta, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

AZTA has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Azenta from $52.00 to $53.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $69.00 price target on shares of Azenta in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Azenta presently has an average rating of “Hold” and an average price target 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.