B. Metzler seel. Sohn & Co. AG Raises Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

B. Metzler seel. Sohn & Co. AG boosted its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,123 shares of the biotechnology company's stock after buying an additional 713 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Axon Enterprise were worth $3,639,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Axon Enterprise during the third quarter worth $84,000. Townsquare Capital LLC acquired a new position in Axon Enterprise during the 3rd quarter worth about $261,000. Public Sector Pension Investment Board boosted its holdings in Axon Enterprise by 19.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock valued at $1,240,000 after acquiring an additional 500 shares during the period. Martingale Asset Management L P acquired a new position in Axon Enterprise in the 3rd quarter valued at about $252,000. Finally, Captrust Financial Advisors increased its stake in Axon Enterprise by 2.6% during the third quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company's stock worth $4,958,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 79.08% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Craig Hallum downgraded shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a "buy" rating and issued a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. Finally, Barclays restated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $604.67.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Stock Down 7.9 %

AXON stock traded down $42.56 during trading on Friday, hitting $497.13. 971,233 shares of the company's stock were exchanged, compared to its average volume of 812,564. The business has a 50-day moving average price of $582.26 and a two-hundred day moving average price of $554.66. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $38.09 billion, a price-to-earnings ratio of 128.46, a PEG ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week 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.