Russell Investments Group Ltd. Buys 14,183 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Russell Investments Group Ltd. grew its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,761 shares of the biotechnology company’s stock after buying an additional 14,183 shares during the period. Russell Investments Group Ltd.’s holdings in Axon Enterprise were worth $42,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AXON. Prestige Wealth Management Group LLC raised its position in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise during the fourth quarter worth $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise during the fourth quarter worth $45,000. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC increased 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 valued at $56,000 after buying an additional 40 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AXON has been the subject of a number of research analyst reports. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Needham & Company LLC restated a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Northcoast Research lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $604.67.

Axon Enterprise Stock Up 1.1 %

Shares of AXON stock opened at $502.55 on Tuesday. The firm’s fifty day moving average price is $580.21 and its two-hundred day moving average price is $556.67. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The firm has a market capitalization of $38.51 billion, a P/E ratio of 129.86, a PEG ratio of 5.17 and a beta of 1.13.

Insider Activity at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the 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 directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

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.