5 Stocks Redditors are Buying for 2022

3. Azenta, Inc. (NASDAQ:AZTA)

Number of Hedge Fund Holders: 29    

Azenta, Inc. (NASDAQ:AZTA) provides life sciences products and services. The firm was previously known as Brooks Automation and recently changed its name to Azenta after selling the semiconductor solutions business to Thomas Lee Partners for $3 billion back in September. The sale attracted the attention of the Reddit crowd, which has been bullish on the company since.

Azenta, Inc. (NASDAQ:AZTA) recently announced that Azenta Life Sciences, a subsidiary of the firm, had been contracted to provide vaccine storage and distribution services for the United States Department of Defense. 

At the end of the third quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $577 million in Azenta, Inc. (NASDAQ:AZTA).