Treasurer of the State of North Carolina Purchases 714 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Treasurer of the State of North Carolina raised its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,991 shares of the biotechnology company's stock after purchasing an additional 714 shares during the quarter. Treasurer of the State of North Carolina's holdings in Axon Enterprise were worth $19,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial grew its holdings in shares of Axon Enterprise by 961.7% during the fourth quarter. Friedenthal Financial now owns 1,359 shares of the biotechnology company's stock valued at $808,000 after buying an additional 1,231 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Axon Enterprise by 33.1% during the 3rd quarter. Principal Financial Group Inc. now owns 136,302 shares of the biotechnology company's stock worth $54,466,000 after acquiring an additional 33,869 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Axon Enterprise by 21.4% in the fourth quarter. Artemis Investment Management LLP now owns 95,113 shares of the biotechnology company's stock valued at $56,528,000 after purchasing an additional 16,792 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at about $2,985,000. Finally, MRA Advisory Group increased its position in shares of Axon Enterprise by 64.4% during the fourth quarter. MRA Advisory Group now owns 3,205 shares of the biotechnology company's stock worth $1,905,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors own 79.08% of the company's stock.

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the 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 completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on AXON shares. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price objective 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. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price target for the company. Finally, JMP Securities reissued 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 issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $626.45.

Axon Enterprise Price Performance

AXON stock traded down $12.82 during trading on Thursday, hitting $559.03. 229,766 shares of the stock traded hands, compared to its average volume of 792,522. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The stock has a market cap of $42.83 billion, a price-to-earnings ratio of 144.45, a P/E/G ratio of 5.17 and a beta of 1.13. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $560.83 and a 200 day simple moving average of $563.13.

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.