Nicolet Advisory Services LLC Trims Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Nicolet Advisory Services LLC decreased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,416 shares of the biotechnology company's stock after selling 950 shares during the period. Nicolet Advisory Services LLC's holdings in Axon Enterprise were worth $1,377,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in Axon Enterprise by 273.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company's stock valued at $659,128,000 after purchasing an additional 812,337 shares during the period. Norges Bank bought a new position in Axon Enterprise in the fourth quarter worth about $482,081,000. GQG Partners LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at about $478,349,000. Groupama Asset Managment acquired a new stake in Axon Enterprise in the third quarter valued at approximately $200,000. Finally, Vanguard Group Inc. increased its position in shares of Axon Enterprise by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company's stock worth $5,019,886,000 after purchasing an additional 275,959 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company's stock.

Axon Enterprise Price Performance

AXON traded up $19.67 on Tuesday, reaching $522.22. 296,003 shares of the company's stock were exchanged, compared to its average volume of 807,957. The stock has a market cap of $40.01 billion, a PE ratio of 134.94, a P/E/G ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The stock's fifty day moving average price is $580.21 and its 200-day moving average price is $556.67.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Finally, TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. One equities 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $604.67.

Insiders Place Their Bets

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 owns 1,627 shares of the company's stock, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company's stock.

Axon Enterprise 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.