Illinois Municipal Retirement Fund Purchases 6,449 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Illinois Municipal Retirement Fund raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 94.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,293 shares of the biotechnology company’s stock after acquiring an additional 6,449 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Axon Enterprise were worth $7,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its holdings in Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $40,000. Brooklyn Investment Group purchased a new position in shares of Axon Enterprise during the third quarter valued at approximately $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp raised its holdings in shares of Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after acquiring an additional 55 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AXON has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. 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 price target for the company. Northland Securities raised their target price on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $561.31.

Insider Buying and Selling

In other news, insider Jeffrey C. Kunins sold 2,304 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total value of $1,508,636.16. Following the completion of the sale, the insider now directly owns 128,542 shares in the company, valued at $84,168,016.18. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the transaction, the director now directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,711 shares of company stock worth $5,631,561. 5.70% of the stock is owned by corporate insiders.

Axon Enterprise Stock Up 15.3 %

Axon Enterprise stock opened at $572.40 on Thursday. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of 147.91, a PEG ratio of 5.17 and a beta of 1.05. 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 $265.32 and a 12 month high of $715.99. The stock has a fifty day simple moving average of $613.42 and a two-hundred day simple moving average of $522.06.

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.