Azenta, Inc. (NASDAQ:AZTA) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 558.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,078 shares of the company's stock after acquiring an additional 74,708 shares during the quarter. Citigroup Inc. owned approximately 0.16% of Azenta worth $4,421,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Azenta by 30.8% during the 3rd quarter. American Century Companies Inc. now owns 15,947 shares of the company's stock worth $800,000 after buying an additional 3,758 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Azenta during the 3rd quarter worth about $73,000. Comerica Bank acquired a new stake in shares of Azenta during the 3rd quarter worth about $7,510,000. Tudor Investment Corp Et Al lifted its stake in shares of Azenta by 963.5% during the 3rd quarter. Tudor Investment Corp Et Al now owns 74,102 shares of the company's stock worth $3,719,000 after buying an additional 67,134 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in shares of Azenta by 2.6% during the 3rd quarter. Townsquare Capital LLC now owns 39,019 shares of the company's stock worth $1,958,000 after buying an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AZTA shares. Stephens reissued an "equal weight" rating and issued a $70.00 target price on shares of Azenta in a report on Thursday, February 8th. Needham & Company LLC restated a "buy" rating and issued a $75.00 price target on shares of Azenta in a research report on Thursday, March 7th. Finally, B. Riley lifted their price objective on shares of Azenta from $61.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Two 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $74.67.

Get Our Latest Stock Report on AZTA

Azenta Stock Up 0.4 %

Shares of AZTA stock traded up $0.25 during trading on Friday, hitting $59.51. The company had a trading volume of 1,951,059 shares, compared to its average volume of 419,180. Azenta, Inc. has a 52 week low of $36.01 and a 52 week high of $69.16. The stock's 50-day moving average is $65.04 and its two-hundred day moving average is $58.02. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -191.96 and a beta of 1.54.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.02 EPS for the quarter. Azenta had a negative net margin of 2.92% and a positive return on equity of 0.49%. The business had revenue of $154.32 million for the quarter, compared to analysts' expectations of $151.86 million. On average, research analysts predict that Azenta, Inc. will post 0.28 EPS for the current fiscal 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.

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