Fox Run Management L.L.C. Raises Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Fox Run Management L.L.C. grew its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 172.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,835 shares of the biotechnology company's stock after purchasing an additional 1,796 shares during the quarter. Fox Run Management L.L.C.'s holdings in Axon Enterprise were worth $1,685,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AXON. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Axon Enterprise during the 3rd quarter valued at $2,162,000. PNC Financial Services Group Inc. boosted its position in Axon Enterprise by 17.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,627 shares of the biotechnology company's stock valued at $2,249,000 after buying an additional 840 shares during the period. Jennison Associates LLC grew its position in Axon Enterprise by 48.2% during the 3rd quarter. Jennison Associates LLC now owns 3,977 shares of the biotechnology company's stock worth $1,589,000 after acquiring an additional 1,294 shares during the last quarter. King Luther Capital Management Corp lifted its position in Axon Enterprise by 0.3% in the third quarter. King Luther Capital Management Corp now owns 10,474 shares of the biotechnology company's stock valued at $4,185,000 after purchasing an additional 34 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Axon Enterprise during the third quarter valued at approximately $120,553,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeri Williams sold 307 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now owns 1,627 shares of the company's stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. 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 objective for the company. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group lifted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $604.67.

Axon Enterprise Stock Up 0.5 %

Shares of Axon Enterprise stock traded up $3.14 during trading on Tuesday, hitting $575.66. The company's stock had a trading volume of 181,562 shares, compared to its average volume of 830,346. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week high of $715.99. 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 fifty day simple moving average of $591.98 and a two-hundred day simple moving average of $545.11. The company has a market capitalization of $44.11 billion, a PE ratio of 148.75, a P/E/G ratio of 5.17 and a beta of 1.12.

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.