Natixis Advisors LLC Purchases 859 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Natixis Advisors LLC boosted its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,251 shares of the biotechnology company's stock after acquiring an additional 859 shares during the period. Natixis Advisors LLC's holdings in Axon Enterprise were worth $18,573,000 as of its most recent filing with the SEC.

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

Insider Activity at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey C. Kunins sold 1,035 shares of Axon Enterprise stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the completion of the transaction, the insider now owns 124,243 shares in the company, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,792 shares of company stock valued at $1,087,843 over the last 90 days. 5.70% of the stock is owned by insiders.

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Analyst Ratings Changes

Several research firms have issued reports on AXON. TD Cowen assumed coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 target price on the stock. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Morgan Stanley upgraded Axon Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, Robert W. Baird raised their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $604.67.

Axon Enterprise Price Performance

Shares of Axon Enterprise stock traded up $1.59 on Friday, hitting $560.00. 802,214 shares of the company traded hands, compared to its average volume of 845,276. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a market cap of $42.91 billion, a P/E ratio of 144.70, a P/E/G ratio of 5.17 and a beta of 1.12. The firm's 50-day simple moving average is $591.90 and its 200 day simple moving average is $540.96.

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.