Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,446,437 shares of the biotechnology company’s stock after acquiring an additional 275,959 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Axon Enterprise worth $5,019,886,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Prestige Wealth Management Group LLC raised its holdings in shares of Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $40,000. Brooklyn Investment Group acquired a new position in shares of Axon Enterprise during the third quarter valued at approximately $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value 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. This represents a 15.87 % 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.

Analyst Ratings Changes

A number of equities analysts have commented on AXON shares. Barclays reissued a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Robert W. Baird upped their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. The Goldman Sachs Group upped their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Axon Enterprise Trading Up 0.3 %

Shares of Axon Enterprise stock opened at $560.00 on Monday. The firm has a market capitalization of $42.91 billion, a price-to-earnings ratio of 144.70, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The stock has a 50 day moving average of $591.90 and a 200 day moving average of $543.57.

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.