Motley Fool Asset Management LLC Lowers Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Motley Fool Asset Management LLC decreased its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,372 shares of the biotechnology company's stock after selling 60,594 shares during the quarter. Axon Enterprise makes up 1.5% of Motley Fool Asset Management LLC's investment portfolio, making the stock its 17th largest position. Motley Fool Asset Management LLC owned 0.06% of Axon Enterprise worth $28,748,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Axon Enterprise in the 3rd quarter worth approximately $84,000. Townsquare Capital LLC bought a new position in Axon Enterprise during the 3rd quarter valued at about $261,000. Public Sector Pension Investment Board grew its stake in shares of Axon Enterprise by 19.2% in the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock worth $1,240,000 after acquiring an additional 500 shares during the period. Martingale Asset Management L P bought a new position in Axon Enterprise during the third quarter valued at approximately $252,000. Finally, Captrust Financial Advisors lifted its position in Axon Enterprise by 2.6% during the third quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company's stock valued at $4,958,000 after purchasing an additional 320 shares during the period. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Trading Up 3.9 %

Shares of NASDAQ:AXON traded up $19.67 during trading hours on Tuesday, hitting $522.22. 296,003 shares of the company's stock traded hands, compared to its average volume of 807,957. The firm has a market capitalization of $40.01 billion, a P/E ratio of 134.94, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The business has a fifty day moving average price of $580.21 and a 200-day moving average price of $556.67. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Remove Ads

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AXON has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. TD Cowen began coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price target for the company. Finally, Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $604.67.

About Axon Enterprise

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.