Axon Enterprise, Inc $AXON Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 20.8% in the second quarter, Holdings Channel.com reports. The fund owned 11,600 shares of the biotechnology company’s stock after acquiring an additional 2,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Axon Enterprise were worth $9,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC lifted its holdings in Axon Enterprise by 75.0% in the 1st quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company’s stock valued at $29,000 after acquiring an additional 24 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Axon Enterprise in the 1st quarter valued at about $31,000. Catalyst Capital Advisors LLC acquired a new stake in Axon Enterprise in the 1st quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new stake in Axon Enterprise in the 1st quarter valued at about $33,000. Finally, Hemington Wealth Management lifted its holdings in Axon Enterprise by 70.8% in the 2nd quarter. Hemington Wealth Management now owns 41 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 17 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Craig Hallum raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $900.00 price target for the company in a report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Axon Enterprise in a report on Wednesday, October 8th. Zacks Research downgraded Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Piper Sandler assumed coverage on Axon Enterprise in a report on Tuesday, September 23rd. They set an “overweight” rating and a $893.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $870.00 price objective on shares of Axon Enterprise in a report on Wednesday, September 24th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $841.64.

Insider Buying and Selling

In other Axon Enterprise news, Director Hadi Partovi bought 1,358 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $740.00 per share, for a total transaction of $1,004,920.00. Following the acquisition, the director directly owned 237,938 shares of the company’s stock, valued at approximately $176,074,120. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brittany Bagley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $713.88, for a total value of $3,569,400.00. Following the completion of the sale, the chief financial officer directly owned 93,592 shares of the company’s stock, valued at approximately $66,813,456.96. The trade was a 5.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 59,932 shares of company stock worth $45,115,616 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

Axon Enterprise Price Performance

Shares of AXON opened at $755.00 on Wednesday. The company has a market capitalization of $59.27 billion, a price-to-earnings ratio of 186.42, a P/E/G ratio of 29.09 and a beta of 1.41. Axon Enterprise, Inc has a fifty-two week low of $422.38 and a fifty-two week high of $885.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.95 and a quick ratio of 2.71. The business’s 50-day moving average is $732.26 and its 200-day moving average is $729.18.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.58. The company had revenue of $668.54 million for the quarter, compared to the consensus estimate of $641.77 million. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%.The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. Axon Enterprise has set its FY 2025 guidance at EPS. Equities research analysts expect that Axon Enterprise, Inc will post 5.8 EPS for the current fiscal year.

Axon Enterprise Company 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.