Advisors Asset Management Inc. Sells 1,129 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Advisors Asset Management Inc. lessened its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,313 shares of the biotechnology company’s stock after selling 1,129 shares during the period. Advisors Asset Management Inc.’s holdings in Axon Enterprise were worth $17,421,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AXON. Groupama Asset Managment bought a new stake in shares of Axon Enterprise during the third quarter worth $200,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Axon Enterprise during the third quarter worth $120,553,000. Proficio Capital Partners LLC bought a new stake in shares of Axon Enterprise during the fourth quarter worth $78,414,000. Westfield Capital Management Co. LP grew its holdings in shares of Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after purchasing an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Axon Enterprise by 328.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after purchasing an additional 111,405 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total value of $646,326.45. Following the transaction, the insider now owns 124,243 shares of the company’s stock, valued at $77,586,026.21. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AXON. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird upped their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $604.67.

Axon Enterprise Stock Down 0.3 %

AXON stock opened at $554.82 on Tuesday. The stock’s 50 day simple moving average is $593.10 and its 200 day simple moving average is $538.04. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a market cap of $42.51 billion, a P/E ratio of 143.36, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12.

Axon Enterprise 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.