BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 175.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,526 shares of the biotechnology company's stock after purchasing an additional 10,527 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Axon Enterprise were worth $9,822,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AXON. New Wave Wealth Advisors LLC purchased a new stake in Axon Enterprise in the fourth quarter worth about $40,000. Y.D. More Investments Ltd acquired a new stake in Axon Enterprise during the fourth quarter worth about $45,000. Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise during the 4th quarter valued at approximately $53,000. GPS Wealth Strategies Group LLC raised its position in shares of Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after acquiring an additional 40 shares during the period. Finally, Versant Capital Management Inc boosted its position in Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock worth $58,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company's stock.

Insider Activity

In related news, Director Jeri Williams sold 307 shares of the company'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 sale, the director now owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $540.99, for a total value of $5,409,900.00. Following the transaction, the chief executive officer now directly owns 3,063,982 shares in the company, valued at approximately $1,657,583,622.18. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

AXON has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $600.00 target price on shares of Axon Enterprise in a report on Wednesday. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $626.45.

Axon Enterprise Price Performance

Shares of AXON traded up $21.38 during trading hours on Wednesday, hitting $576.90. 492,669 shares of the company were exchanged, compared to its average volume of 783,796. The firm's fifty day moving average is $549.49 and its 200 day moving average is $568.33. The company has a market cap of $44.91 billion, a price-to-earnings ratio of 149.07, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

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.