Oregon Public Employees Retirement Fund Grows Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Oregon Public Employees Retirement Fund grew its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,212 shares of the biotechnology company’s stock after buying an additional 104 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Axon Enterprise were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC increased its stake 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 buying an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $40,000. Brooklyn Investment Group purchased a new stake in shares of Axon Enterprise during the third quarter worth about $41,000. Y.D. More Investments Ltd bought a new stake in Axon Enterprise during the 4th quarter valued at approximately $45,000. Finally, Planning Capital Management Corp boosted its stake in Axon Enterprise by 83.3% in the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 55 shares during the period. Institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed 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 stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,711 shares of company stock valued at $5,631,561. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXON. 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. TD Cowen initiated coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. The Goldman Sachs Group lifted their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $587.38.

Axon Enterprise Stock Down 8.2 %

Shares of AXON opened at $525.63 on Friday. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a market cap of $40.08 billion, a PE ratio of 135.82, a P/E/G ratio of 5.17 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $611.62 and a 200 day moving average of $522.09.

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.