764 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Bought by World Investment Advisors

World Investment Advisors bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 764 shares of the biotechnology company’s stock, valued at approximately $454,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Axon Enterprise by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company’s stock valued at $5,019,886,000 after purchasing an additional 275,959 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Axon Enterprise by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,847,925 shares of the biotechnology company’s stock worth $1,095,542,000 after buying an additional 65,097 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Axon Enterprise by 273.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock valued at $659,128,000 after acquiring an additional 812,337 shares during the period. Norges Bank acquired a new stake in shares of Axon Enterprise in the fourth quarter worth $482,081,000. Finally, GQG Partners LLC bought a new position in Axon Enterprise during the fourth quarter worth $478,349,000. 79.08% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AXON has been the subject of a number of research reports. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. Finally, Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Axon Enterprise Trading Up 1.1 %

AXON stock opened at $502.55 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 129.86, a P/E/G ratio of 5.17 and a beta of 1.13. The business has a fifty day moving average price of $580.21 and a 200 day moving average price of $556.67. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99.

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.