Phoenix Financial Ltd. Acquires Shares of 445 Axon Enterprise, Inc. (NASDAQ:AXON)

Phoenix Financial Ltd. bought a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 445 shares of the biotechnology company's stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Axon Enterprise by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company's stock worth $5,019,886,000 after purchasing an additional 275,959 shares during the period. Geode Capital Management LLC lifted its holdings in Axon Enterprise by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,847,925 shares of the biotechnology company's stock worth $1,095,542,000 after buying an additional 65,097 shares during the period. Alliancebernstein L.P. lifted its holdings in Axon Enterprise by 273.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company's stock worth $659,128,000 after buying an additional 812,337 shares during the period. Norges Bank bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $482,081,000. Finally, GQG Partners LLC purchased a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $478,349,000. 79.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AXON. The Goldman Sachs Group upped their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Needham & Company LLC reiterated a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. Barclays restated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $626.45.

Remove Ads

Axon Enterprise Stock Performance

Shares of AXON traded down $6.57 during trading hours on Wednesday, hitting $571.85. The stock had a trading volume of 368,132 shares, compared to its average volume of 800,455. The stock has a fifty day moving average price of $562.98 and a 200 day moving average price of $563.07. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The firm has a market capitalization of $43.82 billion, a PE ratio of 147.77, a PEG ratio of 5.17 and a beta of 1.13.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the business's 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 owns 1,627 shares of the company's stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.10% of the company's stock.

Axon Enterprise 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.