Northern Trust Corp Buys 118,469 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Northern Trust Corp lifted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 716,926 shares of the biotechnology company’s stock after purchasing an additional 118,469 shares during the quarter. Northern Trust Corp owned about 0.94% of Axon Enterprise worth $426,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AXON. Beacon Pointe Advisors LLC raised its holdings in shares of Axon Enterprise by 2.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 864 shares of the biotechnology company’s stock worth $513,000 after acquiring an additional 22 shares in the last quarter. Second Half Financial Partners LLC bought a new position in Axon Enterprise during the fourth quarter valued at $206,000. Quarry LP purchased a new position in shares of Axon Enterprise in the 4th quarter worth $149,000. Aquatic Capital Management LLC increased its holdings in shares of Axon Enterprise by 309.4% in the 4th quarter. Aquatic Capital Management LLC now owns 30,458 shares of the biotechnology company’s stock worth $18,102,000 after buying an additional 23,018 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at about $2,359,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXON has been the topic of several analyst reports. TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $626.45.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on 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 of the company’s stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the company’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total value of $5,409,900.00. Following the sale, the chief executive officer now owns 3,063,982 shares of the company’s stock, valued at approximately $1,657,583,622.18. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 1.4 %

Shares of NASDAQ:AXON opened at $611.13 on Wednesday. The business’s 50 day moving average is $547.11 and its 200 day moving average is $574.11. The stock has a market cap of $47.58 billion, a P/E ratio of 157.92, a price-to-earnings-growth 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 quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

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.