Assetmark Inc. lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON – Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,438 shares of the biotechnology company’s stock after purchasing an additional 329 shares during the quarter. Assetmark Inc.’s holdings in Axon Enterprise were worth $1,146,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in AXON. Teacher Retirement System of Texas boosted its holdings in Axon Enterprise by 3.9% during the third quarter. Teacher Retirement System of Texas now owns 5,438 shares of the biotechnology company’s stock worth $1,082,000 after buying an additional 204 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Axon Enterprise by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 87,012 shares of the biotechnology company’s stock worth $17,315,000 after acquiring an additional 3,055 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Axon Enterprise by 54.3% during the 3rd quarter. Private Advisor Group LLC now owns 13,301 shares of the biotechnology company’s stock valued at $2,677,000 after acquiring an additional 4,682 shares during the period. Signaturefd LLC increased its stake in shares of Axon Enterprise by 16.1% in the 3rd quarter. Signaturefd LLC now owns 475 shares of the biotechnology company’s stock valued at $95,000 after purchasing an additional 66 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in Axon Enterprise by 8.7% in the 3rd quarter. Ieq Capital LLC now owns 1,578 shares of the biotechnology company’s stock worth $314,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.
Insider Buying and Selling at Axon Enterprise
In other news, President Joshua Isner sold 44,000 shares of Axon Enterprise stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $309.96, for a total transaction of $13,638,240.00. Following the transaction, the president now owns 275,843 shares in the company, valued at approximately $85,500,296.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, President Joshua Isner sold 44,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $309.96, for a total value of $13,638,240.00. Following the completion of the sale, the president now owns 275,843 shares of the company’s stock, valued at $85,500,296.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey C. Kunins sold 43,668 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $309.94, for a total transaction of $13,534,459.92. Following the sale, the insider now owns 189,719 shares of the company’s stock, valued at $58,801,506.86. The disclosure for this sale can be found here. Insiders sold a total of 87,976 shares of company stock worth $27,268,201 in the last three months. 5.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have commented on AXON shares. JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Robert W. Baird lifted their price target on shares of Axon Enterprise from $260.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Morgan Stanley boosted their price target on shares of Axon Enterprise from $285.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Axon Enterprise in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $335.27.
Read Our Latest Analysis on Axon Enterprise
Axon Enterprise Stock Up 2.0 %
Shares of NASDAQ AXON opened at $285.63 on Monday. The stock has a market cap of $21.56 billion, a PE ratio of 83.52 and a beta of 0.91. The company has a current ratio of 2.91, a quick ratio of 2.55 and a debt-to-equity ratio of 0.37. Axon Enterprise, Inc. has a 12-month low of $175.37 and a 12-month high of $329.87. The company has a 50-day moving average of $306.23 and a 200 day moving average of $274.76.
Axon Enterprise (NASDAQ:AXON – Get Free Report) last posted its quarterly earnings results on Friday, May 10th. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. Axon Enterprise had a return on equity of 11.71% and a net margin of 15.60%. The business had revenue of $460.74 million during the quarter, compared to analyst estimates of $441.57 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s revenue was up 34.3% compared to the same quarter last year. As a group, sell-side analysts predict that Axon Enterprise, Inc. will post 2.35 EPS for the current fiscal year.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.
Read More
Receive News & Ratings for Axon Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Axon Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.
