Blair William & Co. IL Raises Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Blair William & Co. IL raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,447 shares of the biotechnology company’s stock after purchasing an additional 16,351 shares during the period. Blair William & Co. IL owned 0.12% of Axon Enterprise worth $54,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AXON. Prestige Wealth Management Group LLC increased its stake in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise during the 4th quarter worth $40,000. Brooklyn Investment Group purchased a new stake in Axon Enterprise in the third quarter valued at $41,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise in the fourth quarter valued at $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise during the fourth quarter worth about $53,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AXON. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $604.67.

Axon Enterprise Stock Down 1.5 %

AXON opened at $550.65 on Friday. 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 $42.19 billion, a price-to-earnings ratio of 142.29, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The business’s fifty day moving average is $590.80 and its two-hundred day moving average is $546.79.

Insider Buying and Selling

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeri Williams sold 307 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

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.