Russell Investments Group Ltd. Purchases 14,183 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Russell Investments Group Ltd. grew its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,761 shares of the biotechnology company’s stock after acquiring an additional 14,183 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Axon Enterprise worth $42,769,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AXON. Prestige Wealth Management Group LLC lifted its position in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the 4th quarter valued at about $45,000. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the fourth quarter valued at about $53,000. Finally, GPS Wealth Strategies Group LLC raised its position in Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise

In other Axon Enterprise 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 directly owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. TD Cowen began coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $604.67.

Axon Enterprise Stock Up 1.1 %

Shares of AXON opened at $502.55 on Tuesday. The business’s fifty day moving average price is $580.21 and its two-hundred day moving average price is $556.67. The firm has a market capitalization of $38.51 billion, a price-to-earnings ratio of 129.86, a PEG ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week 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.

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.