O Shaughnessy Asset Management LLC Has $3.24 Million Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 51.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,447 shares of the biotechnology company's stock after purchasing an additional 1,856 shares during the period. O Shaughnessy Asset Management LLC's holdings in Axon Enterprise were worth $3,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $45,000. Prestige Wealth Management Group LLC increased its holdings in shares of Axon Enterprise by 115.8% in 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in Axon Enterprise in the 4th quarter worth approximately $53,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Axon Enterprise by 74.1% during the 4th 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 in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company's stock.

Axon Enterprise Stock Up 5.1 %

AXON traded up $25.64 during trading on Tuesday, hitting $528.19. The company had a trading volume of 229,399 shares, compared to its average volume of 806,303. The firm's 50-day moving average price is $580.21 and its 200 day moving average price is $556.67. The company has a market capitalization of $40.47 billion, a PE ratio of 136.48, a PEG ratio of 5.17 and a beta of 1.13. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AXON. Needham & Company LLC restated a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. TD Cowen started coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective for the company. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Craig Hallum downgraded shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Finally, Barclays restated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.