Corient Private Wealth LLC Grows Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Corient Private Wealth LLC raised its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,182 shares of the biotechnology company’s stock after buying an additional 1,146 shares during the quarter. Corient Private Wealth LLC’s holdings in Axon Enterprise were worth $4,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXON. Groupama Asset Managment purchased a new stake in Axon Enterprise in the third quarter valued at about $200,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Axon Enterprise in the third quarter valued at about $120,553,000. Proficio Capital Partners LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at about $78,414,000. Westfield Capital Management Co. LP increased its holdings in shares of Axon Enterprise by 12.2% in the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock valued at $469,661,000 after purchasing an additional 127,769 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Axon Enterprise by 328.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after purchasing an additional 111,405 shares during the period. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXON has been the topic of a number of research reports. Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. TD Cowen initiated coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective on the stock. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their target price on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Insiders Place Their Bets

In other news, insider Jeffrey C. Kunins sold 1,035 shares of the firm’s 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 in the company, valued at $77,586,026.21. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,792 shares of company stock worth $1,087,843. 5.70% of the stock is owned by corporate insiders.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $560.00 on Friday. The company has a market capitalization of $42.91 billion, a P/E ratio of 144.70, a P/E/G ratio of 5.17 and a beta of 1.12. The business’s 50 day moving average is $591.90 and its two-hundred day moving average is $540.96. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

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.