First Trust Advisors LP Boosts Position in Axon Enterprise, Inc. (NASDAQ:AXON)

First Trust Advisors LP grew its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 88.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,536 shares of the biotechnology company’s stock after purchasing an additional 71,087 shares during the quarter. First Trust Advisors LP owned approximately 0.20% of Axon Enterprise worth $90,061,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

AXON has been the topic of several research reports. TD Cowen started coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. One 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 has an average rating of “Moderate Buy” and an average price target of $626.45.

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 stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $559.53 on Monday. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The firm’s 50 day moving average is $556.27 and its two-hundred day moving average is $567.52. The company has a market cap 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 has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

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.