692 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Purchased by Pitcairn Co.

Pitcairn Co. acquired a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 692 shares of the biotechnology company's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC increased its stake in shares of 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 buying an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new position in Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd bought a new position in Axon Enterprise during the 4th quarter worth about $45,000. Stonebridge Financial Group LLC purchased a new position in Axon Enterprise during the 4th quarter valued at about $53,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock valued at $56,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 79.08% of the company's stock.

Analyst Ratings Changes

AXON has been the topic of a number of recent research reports. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $604.67.

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Axon Enterprise Stock Performance

Shares of NASDAQ AXON traded up $16.73 during trading on Friday, reaching $567.98. 516,424 shares of the company traded hands, compared to its average volume of 815,515. The stock has a market cap of $43.52 billion, a P/E ratio of 146.77, a PEG ratio of 5.17 and a beta of 1.13. The firm's fifty day simple moving average is $567.07 and its 200 day simple moving average is $560.54. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

Insider Activity at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the firm's 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 owns 1,627 shares of the company's stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by company insiders.

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.