Nissay Asset Management Corp Japan Has $13.10 Million Stock Holdings in Axon Enterprise, Inc $AXON

Nissay Asset Management Corp Japan grew its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 7.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 23,360 shares of the biotechnology company’s stock after acquiring an additional 1,627 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Axon Enterprise were worth $13,096,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Edgewood Management LLC bought a new position in shares of Axon Enterprise in the fourth quarter worth $846,516,000. Wellington Management Group LLP lifted its position in Axon Enterprise by 326.9% during the fourth quarter. Wellington Management Group LLP now owns 1,539,738 shares of the biotechnology company’s stock worth $874,463,000 after purchasing an additional 1,179,038 shares during the period. Norges Bank bought a new stake in Axon Enterprise during the fourth quarter worth about $515,764,000. Bank of America Corp DE acquired a new stake in Axon Enterprise during the second quarter worth about $286,684,000. Finally, Legal & General Group Plc acquired a new stake in Axon Enterprise during the second quarter worth about $244,669,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Trading Down 1.7%

AXON opened at $600.73 on Friday. The company has a market cap of $48.80 billion, a P/E ratio of 249.27, a PEG ratio of 9.75 and a beta of 1.39. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $560.75 and its 200-day moving average is $482.99. Axon Enterprise, Inc has a 1-year low of $339.01 and a 1-year high of $792.16.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Tuesday, August 4th. The biotechnology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. The business had revenue of $904.39 million during the quarter, compared to analysts’ expectations of $876.42 million. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. Equities research analysts predict that Axon Enterprise, Inc will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on AXON. The Goldman Sachs Group reissued a “buy” rating and issued a $715.00 target price on shares of Axon Enterprise in a report on Thursday, August 6th. Piper Sandler increased their price target on shares of Axon Enterprise from $724.00 to $732.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Barclays boosted their price objective on shares of Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. TD Cowen reaffirmed a “buy” rating on shares of Axon Enterprise in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Axon Enterprise from $750.00 to $755.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $730.92.

Insider Activity

In other news, insider Elizabeth Reid Coughlin sold 1,554 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $485.00, for a total value of $753,690.00. Following the completion of the transaction, the insider directly owned 34,024 shares in the company, valued at approximately $16,501,640. This represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Joshua Isner sold 13,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $488.45, for a total value of $6,349,850.00. Following the sale, the president directly owned 169,125 shares in the company, valued at approximately $82,609,106.25. This trade represents a 7.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 76,594 shares of company stock valued at $41,236,386. 4.20% of the stock is currently owned by insiders.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.