Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,495 shares of the biotechnology company's stock after buying an additional 19,029 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Axon Enterprise worth $71,223,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Axon Enterprise by 0.6% in the third quarter. The Manufacturers Life Insurance Company now owns 43,643 shares of the biotechnology company's stock worth $17,440,000 after purchasing an additional 276 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Axon Enterprise in the third quarter valued at about $84,000. Brooklyn Investment Group acquired a new position in Axon Enterprise during the 3rd quarter worth about $41,000. Townsquare Capital LLC bought a new stake in Axon Enterprise during the 3rd quarter worth about $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Axon Enterprise by 13.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,492 shares of the biotechnology company's stock valued at $20,177,000 after acquiring an additional 5,834 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Axon Enterprise
In other news, Director Jeri Williams sold 307 shares of the company's 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 $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on AXON shares. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. Finally, TD Cowen started coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $604.67.
Get Our Latest Research Report on Axon Enterprise
Axon Enterprise Trading Up 2.0 %
AXON stock traded up $10.55 during midday trading on Tuesday, hitting $536.50. 287,478 shares of the company's stock were exchanged, compared to its average volume of 809,854. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The stock's fifty day moving average price is $588.26 and its 200-day moving average price is $551.61. The company has a market cap of $41.11 billion, a PE ratio of 138.63, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. 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 Company Profile
(
Free Report)
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.
See Also
Before you consider Axon Enterprise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axon Enterprise wasn't on the list.
While Axon Enterprise currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
