Artisan Partners Limited Partnership Buys Shares of 78,097 Axon Enterprise, Inc. (NASDAQ:AXON)

Artisan Partners Limited Partnership purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 78,097 shares of the biotechnology company's stock, valued at approximately $46,415,000. Artisan Partners Limited Partnership owned 0.10% of Axon Enterprise at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its stake in shares of Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock worth $33,000 after buying an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Axon Enterprise during the fourth quarter worth $40,000. Brooklyn Investment Group purchased a new position in Axon Enterprise during the third quarter valued at $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 79.08% of the company's stock.

Insiders Place Their Bets

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeri Williams sold 307 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AXON shares. TD Cowen assumed coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Northcoast Research downgraded Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Robert W. Baird raised their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Morgan Stanley raised shares of Axon Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $604.67.

Axon Enterprise Trading Up 2.0 %

Shares of NASDAQ AXON traded up $10.55 during midday trading on Tuesday, reaching $536.50. 287,478 shares of the stock were exchanged, compared to its average volume of 809,854. The stock has a market capitalization of $41.11 billion, a P/E ratio of 138.63, a PEG ratio of 5.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a 50 day simple moving average of $588.26 and a 200 day simple moving average of $551.61. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99.

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.