Mitsubishi UFJ Trust & Banking Corp Has $18.65 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,372 shares of the biotechnology company's stock after selling 1,010 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Axon Enterprise were worth $18,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $40,000. Y.D. More Investments Ltd purchased a new position in Axon Enterprise in the 4th quarter worth about $45,000. Prestige Wealth Management Group LLC raised its holdings 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. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise during the fourth quarter valued at about $53,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after buying an additional 40 shares during the period. Institutional investors own 79.08% of the company's stock.

Insider Transactions at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction dated 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 owns 6,929 shares of the company's stock, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeri Williams sold 307 shares of the firm'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 directly owns 1,627 shares in the company, valued at $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

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Axon Enterprise Stock Up 2.9 %

NASDAQ:AXON traded up $15.25 during mid-day trading on Tuesday, reaching $541.20. The stock had a trading volume of 508,898 shares, compared to its average volume of 813,746. The stock has a market cap of $41.47 billion, a P/E ratio of 139.85, a PEG ratio of 5.17 and a beta of 1.12. The business's 50 day moving average is $586.98 and its 200 day moving average is $552.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AXON shares. Needham & Company LLC restated a "buy" rating and set a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. Morgan Stanley raised shares of Axon Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. TD Cowen began coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price for the company. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Finally, Northcoast Research downgraded Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $604.67.

About Axon Enterprise

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.