M&T Bank Corp Buys 325 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

M&T Bank Corp raised its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 8.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,262 shares of the biotechnology company’s stock after acquiring an additional 325 shares during the period. M&T Bank Corp’s holdings in Axon Enterprise were worth $2,533,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at about $40,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at about $45,000. Prestige Wealth Management Group LLC raised its position in shares of 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 buying an additional 44 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at about $53,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Axon Enterprise by 74.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after buying an additional 40 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON opened at $526.40 on Friday. The firm has a market cap of $40.14 billion, a PE ratio of 136.02, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The firm’s 50 day simple moving average is $599.42 and its 200-day simple moving average is $529.53. Axon Enterprise, Inc. has a one year low of $273.52 and a one year 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.

Insider Transactions at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the 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 in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $624.47, for a total transaction of $646,326.45. Following the transaction, the insider now owns 124,243 shares in the company, valued at approximately $77,586,026.21. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,146 shares of company stock valued at $3,262,847. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXON. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price objective on the stock. in a research report on Thursday, February 20th. TD Cowen began coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.38.

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.