Bank of Nova Scotia Grows Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Bank of Nova Scotia boosted its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,436 shares of the biotechnology company's stock after buying an additional 24,272 shares during the period. Bank of Nova Scotia owned approximately 0.08% of Axon Enterprise worth $34,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $45,000. 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. Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $53,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Axon Enterprise by 74.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock valued at $56,000 after buying an additional 40 shares in the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on AXON shares. The Goldman Sachs Group increased their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Barclays restated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $626.45.

Remove Ads

Axon Enterprise Trading Up 0.8 %

NASDAQ AXON traded up $4.76 during trading hours on Tuesday, reaching $579.59. The company had a trading volume of 119,266 shares, compared to its average volume of 803,412. The stock has a 50-day moving average of $564.96 and a 200 day moving average of $562.96. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1-year low of $273.52 and a 1-year high of $715.99. The stock has a market capitalization of $44.41 billion, a P/E ratio of 149.77, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13.

Insiders Place Their Bets

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on 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 transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by insiders.

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.