Russell Investments Group Ltd. Has $42.77 Million Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Russell Investments Group Ltd. grew its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,761 shares of the biotechnology company's stock after purchasing an additional 14,183 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Axon Enterprise worth $42,769,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC grew its stake in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock worth $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at about $40,000. Y.D. More Investments Ltd acquired a new stake in Axon Enterprise in the fourth quarter valued at approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise during the 4th quarter worth $53,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Axon Enterprise Trading Up 3.0 %

Axon Enterprise stock traded up $16.73 during midday trading on Friday, reaching $567.98. The stock had a trading volume of 516,424 shares, compared to its average volume of 815,515. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve 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 cap of $43.52 billion, a price-to-earnings 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 two-hundred day simple moving average is $561.71.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AXON shares. Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. 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. Craig Hallum downgraded shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $626.45.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. This represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.