Axon Enterprise, Inc. (NASDAQ:AXON) Stock Holdings Lowered by Mariner LLC

Mariner LLC cut its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,589 shares of the biotechnology company’s stock after selling 707 shares during the quarter. Mariner LLC’s holdings in Axon Enterprise were worth $9,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXON. Alliancebernstein L.P. boosted its position in shares of Axon Enterprise by 273.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock worth $659,128,000 after buying an additional 812,337 shares during the period. Norges Bank acquired a new position in Axon Enterprise during the 4th quarter worth $482,081,000. GQG Partners LLC bought a new position in shares of Axon Enterprise in the fourth quarter worth $478,349,000. Vanguard Group Inc. increased its holdings in shares of Axon Enterprise by 3.4% during the fourth 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. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Axon Enterprise by 82.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 551,197 shares of the biotechnology company’s stock valued at $327,587,000 after purchasing an additional 249,513 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Stock Down 2.2 %

AXON stock opened at $559.53 on Friday. 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 current ratio of 2.96 and a quick ratio of 2.63. The firm has a market capitalization of $42.87 billion, a P/E ratio of 144.58, a P/E/G ratio of 5.17 and a beta of 1.13. The company’s 50 day simple moving average is $556.27 and its 200-day simple moving average is $565.34.

Insider Activity

In other news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction on Monday, March 17th. The stock was 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 approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AXON. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. TD Cowen initiated coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target for the company. The Goldman Sachs Group boosted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $626.45.

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.