Chevy Chase Trust Holdings LLC Sells 345 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Chevy Chase Trust Holdings LLC reduced its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,002 shares of the biotechnology company’s stock after selling 345 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Axon Enterprise worth $12,203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AXON. ING Groep NV raised its stake in shares of Axon Enterprise by 9.3% in the fourth quarter. ING Groep NV now owns 9,643 shares of the biotechnology company’s stock worth $2,491,000 after purchasing an additional 821 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Axon Enterprise by 18.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 104,587 shares of the biotechnology company’s stock worth $27,019,000 after purchasing an additional 16,230 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $32,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Axon Enterprise by 14.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 170,376 shares of the biotechnology company’s stock valued at $53,307,000 after acquiring an additional 22,013 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $234,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

Axon Enterprise stock traded down $2.11 during midday trading on Wednesday, hitting $296.40. 119,706 shares of the company’s stock were exchanged, compared to its average volume of 485,107. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.55 and a current ratio of 2.91. The stock has a 50-day moving average price of $293.96 and a two-hundred day moving average price of $287.27. Axon Enterprise, Inc. has a 52-week low of $175.37 and a 52-week high of $329.87. The company has a market cap of $22.37 billion, a P/E ratio of 87.28 and a beta of 0.95.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Friday, May 10th. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. Axon Enterprise had a return on equity of 11.71% and a net margin of 15.60%. The firm had revenue of $460.74 million during the quarter, compared to analyst estimates of $441.57 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts forecast that Axon Enterprise, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AXON. JPMorgan Chase & Co. increased their price target on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Barclays increased their price target on Axon Enterprise from $308.00 to $381.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Argus began coverage on Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price objective for the company. Finally, Craig Hallum raised their target price on Axon Enterprise from $325.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.27.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 308 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $310.07, for a total transaction of $95,501.56. Following the transaction, the director now owns 1,607 shares in the company, valued at approximately $498,282.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Thursday, May 9th. The stock was sold at an average price of $309.96, for a total value of $13,638,240.00. Following the sale, the president now owns 275,843 shares in the company, valued at approximately $85,500,296.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeri Williams sold 308 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $310.07, for a total value of $95,501.56. Following the completion of the sale, the director now owns 1,607 shares in the company, valued at approximately $498,282.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,447 shares of company stock worth $27,684,677. Company insiders own 5.70% 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.