13,756 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Acquired by Spahn Wealth & Retirement LLC

Spahn Wealth & Retirement LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,756 shares of the biotechnology company’s stock, valued at approximately $8,175,000. Axon Enterprise makes up approximately 5.4% of Spahn Wealth & Retirement LLC’s investment portfolio, making the stock its 4th largest holding.

Several other large investors also recently added to or reduced their stakes in AXON. Alliancebernstein L.P. raised its position in Axon Enterprise by 273.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock valued at $659,128,000 after buying an additional 812,337 shares during the period. Norges Bank purchased a new position in Axon Enterprise during the 4th quarter valued at about $482,081,000. GQG Partners LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at about $478,349,000. Groupama Asset Managment purchased a new stake in shares of Axon Enterprise in the third quarter worth approximately $200,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Axon Enterprise by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company’s stock worth $5,019,886,000 after purchasing an additional 275,959 shares during the period. 79.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXON has been the topic of several research reports. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. Robert W. Baird increased their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Axon Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Activity

In related news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were 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 in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 3.2 %

Shares of AXON stock opened at $558.42 on Thursday. The company has a market capitalization of $42.79 billion, a price-to-earnings ratio of 144.29, a PEG ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The stock’s 50 day simple moving average is $585.99 and its 200 day simple moving average is $552.79. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99.

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.