Public Employees Retirement System of Ohio Trims Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Public Employees Retirement System of Ohio trimmed its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 8.6% during the first quarter, HoldingsChannel reports. The fund owned 26,946 shares of the biotechnology company’s stock after selling 2,541 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Axon Enterprise were worth $8,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AXON. ICA Group Wealth Management LLC purchased a new position in shares of Axon Enterprise during the 4th quarter worth approximately $26,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of Axon Enterprise during the 1st quarter worth approximately $31,000. First PREMIER Bank purchased a new position in shares of Axon Enterprise during the 1st quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Axon Enterprise during the 1st quarter worth approximately $41,000. Finally, Rise Advisors LLC raised its stake in shares of Axon Enterprise by 49.0% during the 1st quarter. Rise Advisors LLC now owns 143 shares of the biotechnology company’s stock worth $45,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Axon Enterprise in a research note on Wednesday, April 24th. Morgan Stanley raised their price objective on Axon Enterprise from $285.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Barclays raised their price target on Axon Enterprise from $308.00 to $381.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Craig Hallum raised their price target on Axon Enterprise from $325.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $342.54.

Insider Activity at Axon Enterprise

In related news, Director Julie A. Cullivan sold 993 shares of Axon Enterprise stock in a transaction on Friday, May 31st. The stock was sold at an average price of $281.72, for a total value of $279,747.96. Following the transaction, the director now owns 4,553 shares in the company, valued at $1,282,671.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Axon Enterprise news, President Joshua Isner sold 44,000 shares of the business’s stock in a transaction dated 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 $85,500,296.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Julie A. Cullivan sold 993 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $281.72, for a total value of $279,747.96. Following the transaction, the director now owns 4,553 shares in the company, valued at approximately $1,282,671.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,447 shares of company stock worth $27,684,677. 6.10% of the stock is owned by insiders.

Axon Enterprise Trading Up 1.5 %

Axon Enterprise stock traded up $4.69 during midday trading on Tuesday, reaching $313.69. The stock had a trading volume of 16,324 shares, compared to its average volume of 483,899. Axon Enterprise, Inc. has a twelve month low of $175.37 and a twelve month high of $329.87. The stock has a market capitalization of $23.67 billion, a PE ratio of 90.35, a price-to-earnings-growth ratio of 7.00 and a beta of 0.95. 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’s 50-day simple moving average is $294.83 and its 200 day simple moving average is $292.75.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Friday, May 10th. The biotechnology company reported $1.15 earnings per share 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 firm had revenue of $460.74 million for the quarter, compared to analysts’ expectations of $441.57 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. Analysts expect that Axon Enterprise, Inc. will post 2.35 EPS for the current year.

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.