Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,847,925 shares of the biotechnology company's stock after acquiring an additional 65,097 shares during the period. Geode Capital Management LLC owned about 2.42% of Axon Enterprise worth $1,095,542,000 at the end of the most recent quarter.

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

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock traded down $42.56 on Friday, hitting $497.13. The stock had a trading volume of 971,233 shares, compared to its average volume of 812,564. The company's 50 day moving average price is $582.26 and its 200 day moving average price is $554.66. The stock has a market cap of $38.09 billion, a price-to-earnings ratio of 128.46, a P/E/G ratio of 5.17 and a beta of 1.13. 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 52-week low of $273.52 and a 52-week high of $715.99.

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Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company's stock, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AXON has been the subject of several recent research reports. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group increased their target price on Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. One 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $604.67.

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.