Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 21.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,447 shares of the biotechnology company’s stock after purchasing an additional 16,351 shares during the period. Blair William & Co. IL’s holdings in Axon Enterprise were worth $54,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AXON. AssuredPartners Investment Advisors LLC acquired a new stake in Axon Enterprise during the fourth quarter worth about $256,000. NEOS Investment Management LLC lifted its position in Axon Enterprise by 523.7% during the fourth quarter. NEOS Investment Management LLC now owns 6,125 shares of the biotechnology company’s stock valued at $3,640,000 after buying an additional 5,143 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Axon Enterprise during the fourth quarter valued at approximately $782,000. Artisan Partners Limited Partnership acquired a new stake in shares of Axon Enterprise in the fourth quarter worth $46,415,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Axon Enterprise by 19.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 118,495 shares of the biotechnology company’s stock worth $71,223,000 after purchasing an additional 19,029 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXON has been the subject of several analyst reports. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price for the company. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Finally, Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and an average target price of $604.67.

Insider Activity at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Down 1.5 %

NASDAQ:AXON opened at $550.65 on Friday. The company has a market cap of $42.19 billion, a PE ratio of 142.29, a P/E/G ratio of 5.17 and a beta of 1.12. The business’s 50 day moving average is $590.80 and its two-hundred day moving average is $546.79. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week high of $715.99.

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.