Pictet Asset Management Holding SA Has $26.71 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Pictet Asset Management Holding SA lifted its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,934 shares of the biotechnology company's stock after buying an additional 1,669 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Axon Enterprise worth $26,705,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $482,081,000. GQG Partners LLC bought a new position in Axon Enterprise during the fourth quarter worth $478,349,000. Groupama Asset Managment acquired a new position in shares of Axon Enterprise in the third quarter valued at $200,000. Vanguard Group Inc. raised its position in shares of Axon Enterprise by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company's stock valued at $5,019,886,000 after purchasing an additional 275,959 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth about $78,414,000. 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 Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.10% of the company's stock.

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Axon Enterprise Price Performance

NASDAQ:AXON traded down $42.56 during mid-day trading on Friday, reaching $497.13. The stock had a trading volume of 971,233 shares, compared to its average volume of 812,564. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The stock has a market capitalization of $38.09 billion, a PE ratio of 128.46, a P/E/G ratio of 5.17 and a beta of 1.13. 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 stock has a 50-day simple moving average of $582.26 and a two-hundred day simple moving average of $554.66.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AXON shares. Robert W. Baird increased their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a report on Friday, December 6th. TD Cowen started coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a "buy" rating and a $700.00 target price on the stock. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Northcoast Research downgraded Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $604.67.

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.