Prudential PLC Lowers Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Prudential PLC decreased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,114 shares of the biotechnology company's stock after selling 5,916 shares during the quarter. Prudential PLC's holdings in Axon Enterprise were worth $16,114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXON. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new stake in Axon Enterprise in the fourth quarter worth $45,000. Prestige Wealth Management Group LLC increased its stake in 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 stake in Axon Enterprise in the fourth quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of 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 purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Transactions at Axon Enterprise

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 value 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. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by company insiders.

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Axon Enterprise Stock Performance

AXON traded up $2.03 during trading on Wednesday, hitting $506.06. 195,549 shares of the company traded hands, compared to its average volume of 808,671. The firm has a market cap of $38.78 billion, a P/E ratio of 130.77, a price-to-earnings-growth 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. The stock's fifty day moving average is $574.82 and its 200 day moving average is $557.07.

Analyst Ratings Changes

Several research firms have recently commented on AXON. JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.