Resona Asset Management Co. Ltd. Invests $57.23 Million in Axon Enterprise, Inc. (NASDAQ:AXON)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 95,655 shares of the biotechnology company's stock, valued at approximately $57,228,000. Resona Asset Management Co. Ltd. owned approximately 0.13% of Axon Enterprise at the end of the most recent quarter.

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

Axon Enterprise Trading Down 2.7 %

NASDAQ:AXON traded down $15.36 during midday trading on Thursday, reaching $544.48. 209,948 shares of the stock traded hands, compared to its average volume of 812,940. The stock has a market capitalization of $41.72 billion, a P/E ratio of 140.69, a PEG ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a fifty day moving average of $571.11 and a 200 day moving average of $558.24. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99.

Remove Ads

Insider Buying and Selling at Axon Enterprise

In related 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 transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. The trade was a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AXON. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Barclays restated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. Northcoast Research cut shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group increased their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.