629 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Bought by ZEGA Investments LLC

ZEGA Investments LLC bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 629 shares of the biotechnology company's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Groupama Asset Managment bought a new stake in Axon Enterprise in the third quarter worth about $200,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Axon Enterprise in the 3rd quarter worth approximately $120,553,000. Proficio Capital Partners LLC purchased a new position in Axon Enterprise in the fourth quarter valued at approximately $78,414,000. Westfield Capital Management Co. LP grew its holdings in Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company's stock valued at $469,661,000 after purchasing an additional 127,769 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Axon Enterprise by 328.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company's stock valued at $86,354,000 after purchasing an additional 111,405 shares during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AXON. Morgan Stanley raised Axon Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. TD Cowen initiated coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Axon Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $604.67.

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Insider Activity at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $899,275.44. This trade 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. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Axon Enterprise Price Performance

Shares of Axon Enterprise stock traded down $18.12 on Wednesday, hitting $559.06. 521,332 shares of the company traded hands, compared to its average volume of 829,770. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99. 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 market cap of $42.84 billion, a P/E ratio of 144.46, a P/E/G ratio of 5.17 and a beta of 1.12. The firm's 50-day simple moving average is $591.92 and its 200 day simple moving average is $546.67.

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.