Capital World Investors Buys 841,772 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Capital World Investors increased its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 86.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,815,765 shares of the biotechnology company's stock after acquiring an additional 841,772 shares during the quarter. Capital World Investors owned about 2.38% of Axon Enterprise worth $1,079,145,000 at the end of the most recent reporting period.

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

Axon Enterprise Trading Up 2.4 %

NASDAQ:AXON traded up $13.77 during trading hours on Thursday, hitting $590.67. The stock had a trading volume of 493,149 shares, compared to its average volume of 779,703. The business's 50 day moving average is $549.49 and its 200-day moving average is $568.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a market cap of $45.98 billion, a price-to-earnings ratio of 152.63, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Insider Transactions at Axon Enterprise

In other 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 sale, the director now directly owns 1,627 shares in the company, valued at $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 is available at the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the transaction, the chief executive officer now owns 3,063,982 shares of the company's stock, valued at $1,657,583,622.18. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AXON has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday. The Goldman Sachs Group increased their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. TD Cowen initiated coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a "buy" rating and a $700.00 price target on the stock. Finally, Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $626.45.

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.