State of Tennessee Department of Treasury Has $14.75 Million Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

State of Tennessee Department of Treasury reduced its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 29.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,824 shares of the biotechnology company's stock after selling 10,180 shares during the quarter. State of Tennessee Department of Treasury's holdings in Axon Enterprise were worth $14,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in Axon Enterprise in the fourth quarter valued at approximately $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise during the 4th quarter valued at $45,000. Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at $53,000. GPS Wealth Strategies Group LLC boosted its position 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 worth $56,000 after purchasing an additional 40 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock worth $58,000 after purchasing an additional 95 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Performance

AXON opened at $555.52 on Wednesday. The company has a market capitalization of $42.57 billion, a price-to-earnings ratio of 143.55, a P/E/G ratio of 5.17 and a beta of 1.13. The business's 50-day moving average price is $551.62 and its two-hundred day moving average price is $568.27. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year 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.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of recent analyst reports. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Barclays reissued a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. Finally, Needham & Company LLC restated a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Axon Enterprise has an average rating of "Moderate Buy" and an average target price of $626.45.

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the company's stock in a transaction that occurred 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 owns 1,627 shares of the company's stock, valued at $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Company 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.

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