TimesSquare Capital Management LLC Purchases Shares of 55,930 Axon Enterprise, Inc. (NASDAQ:AXON)

TimesSquare Capital Management LLC acquired a new position in Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 55,930 shares of the biotechnology company’s stock, valued at approximately $33,240,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its holdings in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after buying an additional 44 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the fourth quarter worth $40,000. Brooklyn Investment Group purchased a new position in shares of Axon Enterprise during the third quarter worth $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the fourth quarter worth $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 worth $48,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Stock Up 3.9 %

Shares of NASDAQ AXON opened at $710.01 on Wednesday. The company’s 50-day simple moving average is $625.48 and its 200-day simple moving average is $514.81. Axon Enterprise, Inc. has a 52-week low of $260.27 and a 52-week high of $715.99. The firm has a market cap of $54.14 billion, a price-to-earnings ratio of 183.47, a price-to-earnings-growth ratio of 6.85 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

Several brokerages recently issued reports on AXON. TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. Robert W. Baird raised their target price on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC raised their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities raised their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $542.15.

Insider Activity

In other news, insider Jeffrey C. Kunins sold 2,304 shares of Axon Enterprise stock in a transaction dated 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 sale, the insider now owns 128,542 shares in the company, valued at $84,168,016.18. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise 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 completion of the sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,711 shares of company stock worth $5,631,561 over the last 90 days. 5.70% of the stock is currently owned by company insiders.

About Axon Enterprise

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.