GW&K Investment Management LLC Decreases Stake in Azenta, Inc. (NASDAQ:AZTA)

GW&K Investment Management LLC decreased its holdings in Azenta, Inc. (NASDAQ:AZTA) by 16.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,299,082 shares of the company’s stock after selling 257,794 shares during the quarter. GW&K Investment Management LLC’s holdings in Azenta were worth $64,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AZTA. Farther Finance Advisors LLC increased its position 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 worth $74,000 after acquiring an additional 256 shares in the last quarter. KBC Group NV boosted its position in Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock worth $107,000 after purchasing an additional 698 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Azenta in the 4th quarter valued at $200,000. Aigen Investment Management LP purchased a new position in Azenta in the third quarter valued at about $214,000. Finally, Empowered Funds LLC acquired a new position in shares of Azenta during the fourth quarter worth about $293,000. 99.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI increased their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Finally, Stephens reissued an “overweight” rating and set a $60.00 target price on shares of Azenta in a research report on Thursday, January 2nd.

Azenta Stock Performance

NASDAQ:AZTA opened at $42.94 on Friday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -14.41 and a beta of 1.47. Azenta, Inc. has a one year low of $38.82 and a one year high of $67.77. The business’s 50-day simple moving average is $50.30 and its 200 day simple moving average is $47.83.

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

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.