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Texas' Teacher Retirement System reduced Azenta holdings by nearly 40%, despite the company's recent strong earnings report.
The Teacher Retirement System of Texas cut its holdings in Azenta, Inc. by nearly 40% in the fourth quarter, now owning 668,556 shares valued at $33.43 million.
Azenta, which offers life sciences solutions, saw its stock hit a 52-week low at $35.56.
Despite this, analysts predict a "Hold" rating with a target price of $58.75.
The company reported better-than-expected earnings in its latest quarterly results.
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El Sistema de Jubilación Docente de Texas redujo las tenencias de Azenta en casi un 40%, a pesar del reciente informe de fuertes ganancias de la compañía.