Proficio Capital Partners LLC Purchases New Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Proficio Capital Partners LLC purchased a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 131,939 shares of the biotechnology company’s stock, valued at approximately $78,414,000. Proficio Capital Partners LLC owned approximately 0.17% of Axon Enterprise at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Groupama Asset Managment acquired a new stake in Axon Enterprise during the 3rd quarter worth $200,000. Massachusetts Financial Services Co. MA acquired a new stake in Axon Enterprise during the 3rd quarter worth $120,553,000. Westfield Capital Management Co. LP grew its holdings in Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after acquiring an additional 127,769 shares during the period. Assenagon Asset Management S.A. grew its holdings in Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after acquiring an additional 111,405 shares during the period. Finally, Champlain Investment Partners LLC grew its holdings in Axon Enterprise by 13.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 682,420 shares of the biotechnology company’s stock worth $272,695,000 after acquiring an additional 83,265 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Trading Down 8.2 %

AXON opened at $525.63 on Friday. The stock has a market capitalization of $40.08 billion, a P/E ratio of 135.82, a P/E/G ratio of 5.17 and a beta of 1.05. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The firm’s fifty day simple moving average is $611.62 and its 200 day simple moving average is $522.09. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey C. Kunins sold 2,304 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total transaction of $1,508,636.16. Following the sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,711 shares of company stock valued at $5,631,561. 5.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AXON has been the subject of a number of analyst reports. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price for the company. in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $587.38.

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.