Mirae Asset Global Investments Co. Ltd. Reduces Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,133 shares of the biotechnology company’s stock after selling 3,549 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Axon Enterprise were worth $3,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new position in Axon Enterprise during the fourth quarter valued at approximately $32,000. Hollencrest Capital Management purchased a new position in Axon Enterprise during the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new position in Axon Enterprise during the fourth quarter valued at approximately $25,000. First Capital Advisors Group LLC. purchased a new position in Axon Enterprise during the second quarter valued at approximately $33,000. Finally, Tyler Stone Wealth Management purchased a new position in Axon Enterprise during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Down 0.2 %

Shares of AXON opened at $299.82 on Thursday. The company’s fifty day moving average is $299.84 and its 200 day moving average is $257.02. Axon Enterprise, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $329.87. The stock has a market capitalization of $22.62 billion, a PE ratio of 130.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.29. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The company had revenue of $432.14 million for the quarter, compared to analysts’ expectations of $418.97 million. Sell-side analysts expect that Axon Enterprise, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AXON. Morgan Stanley lifted their price target on shares of Axon Enterprise from $250.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Argus initiated coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, JMP Securities lifted their price objective on shares of Axon Enterprise from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $312.64.

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.