iA Global Asset Management Inc. Makes New $4.89 Million Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

iA Global Asset Management Inc. purchased a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 8,219 shares of the biotechnology company's stock, valued at approximately $4,885,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in shares of Axon Enterprise in the third quarter worth about $200,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at approximately $120,553,000. Proficio Capital Partners LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at approximately $78,414,000. Westfield Capital Management Co. LP boosted its stake in shares of Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company's stock valued at $469,661,000 after buying an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Axon Enterprise by 328.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company's stock worth $86,354,000 after buying an additional 111,405 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on AXON. TD Cowen began 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 on the stock. Northcoast Research cut shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Morgan Stanley raised Axon Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Axon Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $604.67.

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Axon Enterprise Stock Performance

Shares of Axon Enterprise stock traded up $4.66 during trading on Tuesday, hitting $577.18. 439,520 shares of the stock were exchanged, compared to its average volume of 835,219. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The stock's fifty day moving average is $591.98 and its 200 day moving average is $545.11. The stock has a market cap of $44.23 billion, a PE ratio of 149.14, a P/E/G ratio of 5.17 and a beta of 1.12.

Insider Activity

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the transaction, the director now directly owns 6,929 shares of the company's stock, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeri Williams sold 307 shares of Axon Enterprise 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 in the company, 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. Corporate insiders own 6.10% of the company's stock.

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.