Advisors Asset Management Inc. Has $12.17 Million Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Advisors Asset Management Inc. grew its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,442 shares of the biotechnology company's stock after acquiring an additional 850 shares during the period. Advisors Asset Management Inc.'s holdings in Axon Enterprise were worth $12,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AXON. 1832 Asset Management L.P. acquired a new position in Axon Enterprise during the first quarter worth $81,630,000. International Assets Investment Management LLC purchased a new position in shares of Axon Enterprise in the third quarter valued at $871,860,000. Swedbank AB acquired a new position in shares of Axon Enterprise during the 1st quarter worth $39,923,000. Mizuho Securities USA LLC boosted its position in shares of Axon Enterprise by 1,077.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 64,418 shares of the biotechnology company's stock worth $25,741,000 after buying an additional 58,949 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Axon Enterprise by 53.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 157,094 shares of the biotechnology company's stock valued at $46,223,000 after acquiring an additional 54,526 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock traded down $0.38 during trading on Wednesday, hitting $609.82. 572,326 shares of the stock were exchanged, compared to its average volume of 553,775. Axon Enterprise, Inc. has a 12 month low of $224.28 and a 12 month high of $624.84. The stock has a market cap of $46.50 billion, a PE ratio of 157.67, a P/E/G ratio of 15.05 and a beta of 0.94. The stock's fifty day moving average is $448.52 and its 200 day moving average is $361.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AXON. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Craig Hallum boosted their target price on Axon Enterprise from $370.00 to $376.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Robert W. Baird raised their price objective on Axon Enterprise from $440.00 to $460.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. JMP Securities boosted their target price on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on Axon Enterprise from $385.00 to $441.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $427.83.

Insiders Place Their Bets

In related news, President Joshua Isner sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the transaction, the president now owns 208,166 shares of the company's stock, valued at approximately $126,179,820.90. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 80,300 shares of Axon Enterprise stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $371.78, for a total value of $29,853,934.00. Following the transaction, the chief executive officer now owns 3,015,366 shares in the company, valued at $1,121,052,771.48. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 410,556 shares of company stock worth $161,192,754. 5.70% of the stock is owned by company insiders.

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.