Advisory Services Network LLC Acquires 944 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Advisory Services Network LLC boosted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,497 shares of the biotechnology company’s stock after acquiring an additional 944 shares during the period. Advisory Services Network LLC’s holdings in Axon Enterprise were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AXON. Alliancebernstein L.P. lifted its stake in shares of Axon Enterprise by 273.8% during the 4th 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 last quarter. Norges Bank bought a new position in Axon Enterprise in the 4th quarter valued at about $482,081,000. GQG Partners LLC acquired a new stake in Axon Enterprise during the fourth quarter worth approximately $478,349,000. Vanguard Group Inc. boosted 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 worth $5,019,886,000 after acquiring an additional 275,959 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Axon Enterprise by 82.7% in 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 during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AXON shares. Needham & Company LLC reissued a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. Finally, Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $626.45.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON opened at $567.98 on Friday. The company’s 50 day simple moving average is $567.07 and its 200 day simple moving average is $560.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The stock has a market capitalization 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.

Insider Activity

In related news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.10% of the company’s stock.

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.