World Investment Advisors Acquires Shares of 764 Axon Enterprise, Inc. (NASDAQ:AXON)

World Investment Advisors bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 764 shares of the biotechnology company’s stock, valued at approximately $454,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Axon Enterprise by 3.4% during the 4th 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 last quarter. Geode Capital Management LLC raised its stake in shares of Axon Enterprise by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,847,925 shares of the biotechnology company’s stock worth $1,095,542,000 after buying an additional 65,097 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Axon Enterprise by 273.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock worth $659,128,000 after buying an additional 812,337 shares during the last quarter. Norges Bank bought a new position in Axon Enterprise in the fourth quarter valued at approximately $482,081,000. Finally, GQG Partners LLC acquired a new stake in Axon Enterprise during the 4th quarter worth $478,349,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Stock Up 1.1 %

Axon Enterprise stock opened at $502.55 on Tuesday. The stock has a market capitalization of $38.51 billion, a PE ratio of 129.86, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a 50 day moving average of $580.21 and a 200-day moving average of $556.67. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Buying and Selling at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the business’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 sale, the director now owns 1,627 shares of the company’s stock, valued at $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.10% of the company’s stock.

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.