Nomura Asset Management Co. Ltd. Purchases 58,502 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Nomura Asset Management Co. Ltd. raised its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 277.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,606 shares of the biotechnology company's stock after buying an additional 58,502 shares during the period. Nomura Asset Management Co. Ltd. owned 0.10% of Axon Enterprise worth $47,311,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $45,000. Prestige Wealth Management Group LLC grew its holdings in Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock valued at $33,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise in the fourth quarter worth $53,000. Finally, GPS Wealth Strategies Group LLC raised its stake 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 valued at $56,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 79.08% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays restated a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. Northcoast Research downgraded Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Finally, JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. 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. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $604.67.

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Insider Buying and Selling at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Axon Enterprise Price Performance

NASDAQ AXON traded up $13.77 on Tuesday, reaching $539.72. 343,679 shares of the company's stock traded hands, compared to its average volume of 810,612. The stock has a market cap of $41.35 billion, a PE ratio of 139.46, a P/E/G ratio of 5.17 and a beta of 1.12. 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 12 month low of $273.52 and a 12 month high of $715.99. The stock has a 50-day simple moving average of $588.26 and a 200 day simple moving average of $551.61.

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.