Mizuho Securities USA LLC Grows Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Mizuho Securities USA LLC boosted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1,077.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,418 shares of the biotechnology company’s stock after purchasing an additional 58,949 shares during the quarter. Mizuho Securities USA LLC owned about 0.09% of Axon Enterprise worth $25,741,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AXON. Empirical Finance LLC boosted its position in shares of Axon Enterprise by 9.8% during the third quarter. Empirical Finance LLC now owns 1,038 shares of the biotechnology company’s stock worth $415,000 after acquiring an additional 93 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Axon Enterprise during the 3rd quarter valued at about $210,000. CIBC Asset Management Inc grew its position in shares of Axon Enterprise by 9.2% during the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock valued at $4,227,000 after purchasing an additional 895 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Axon Enterprise by 35.8% in the third quarter. OneDigital Investment Advisors LLC now owns 2,053 shares of the biotechnology company’s stock worth $820,000 after purchasing an additional 541 shares during the last quarter. Finally, Kapstone Financial Advisors LLC purchased a new stake in shares of Axon Enterprise in the third quarter worth about $227,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXON has been the topic of a number of research reports. Northland Securities lifted their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC boosted their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Craig Hallum increased their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird boosted their target price on shares of Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.83.

Insider Buying and Selling

In other Axon Enterprise news, CEO Patrick W. Smith sold 80,300 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $371.78, for a total value of $29,853,934.00. Following the transaction, the chief executive officer now directly owns 3,015,366 shares in the company, valued at $1,121,052,771.48. This represents a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brittany Bagley sold 4,338 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $378.95, for a total transaction of $1,643,885.10. Following the transaction, the chief financial officer now directly owns 98,825 shares in the company, valued at approximately $37,449,733.75. This trade represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 411,006 shares of company stock valued at $161,360,618. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Down 0.9 %

Shares of NASDAQ:AXON opened at $599.35 on Friday. The firm has a market capitalization of $45.70 billion, a PE ratio of 154.87, a price-to-earnings-growth ratio of 15.10 and a beta of 0.94. The business has a 50 day simple moving average of $438.79 and a two-hundred day simple moving average of $357.27. Axon Enterprise, Inc. has a 1 year low of $220.78 and a 1 year high of $624.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

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.