Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,495 shares of the biotechnology company’s stock after purchasing an additional 19,029 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Axon Enterprise worth $71,223,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC raised its holdings in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Axon Enterprise in the fourth quarter worth about $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise in the third quarter worth about $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise in the 4th quarter worth approximately $53,000. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Stock Down 2.9 %

Shares of AXON opened at $534.95 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of 138.23, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The business’s 50 day simple moving average is $589.62 and its 200-day simple moving average is $547.97.

Insider Buying and Selling

In other news, Director Jeri Williams sold 307 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a report 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 boosted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Axon Enterprise has a consensus rating of “Moderate Buy” and an average price target of $604.67.

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.