Schroder Investment Management Group Decreases Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Schroder Investment Management Group trimmed its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,765 shares of the biotechnology company's stock after selling 7,661 shares during the period. Schroder Investment Management Group owned 0.10% of Axon Enterprise worth $45,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Axon Enterprise in the 3rd quarter worth approximately $84,000. Townsquare Capital LLC purchased a new position in Axon Enterprise during the third quarter worth approximately $261,000. Public Sector Pension Investment Board grew its holdings in Axon Enterprise by 19.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock valued at $1,240,000 after buying an additional 500 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Axon Enterprise in the 3rd quarter worth $252,000. Finally, Captrust Financial Advisors increased its stake in shares of Axon Enterprise by 2.6% in the 3rd quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company's stock worth $4,958,000 after acquiring an additional 320 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Trading Down 7.9 %

NASDAQ:AXON traded down $42.56 on Friday, reaching $497.13. 971,233 shares of the company's stock were exchanged, compared to its average volume of 812,564. The firm has a market capitalization of $38.09 billion, a price-to-earnings ratio of 128.46, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $582.26 and a 200-day moving average of $555.87.

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Analysts Set New Price Targets

AXON has been the subject of a number of analyst reports. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Barclays reissued a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Needham & Company LLC reiterated a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. Finally, TD Cowen began coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. One investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $604.67.

Insiders Place Their Bets

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