Qtron Investments LLC Decreases Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Qtron Investments LLC lessened its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,178 shares of the biotechnology company’s stock after selling 104 shares during the period. Qtron Investments LLC’s holdings in Axon Enterprise were worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in Axon Enterprise during the fourth quarter valued at approximately $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise during the 4th quarter valued at approximately $45,000. Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise in the fourth quarter valued at $53,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company’s stock worth $58,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling

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 value of $169,685.04. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AXON has been the subject of several research reports. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. The Goldman Sachs Group raised their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $626.45.

Axon Enterprise Stock Up 3.0 %

NASDAQ:AXON opened at $567.98 on Friday. The company has a market cap of $43.52 billion, a price-to-earnings ratio of 146.77, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $567.07 and a 200-day simple moving average of $560.54.

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.