Advisory Services Network LLC Buys 944 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Advisory Services Network LLC grew its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 60.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,497 shares of the biotechnology company’s stock after acquiring an additional 944 shares during the period. Advisory Services Network LLC’s holdings in Axon Enterprise were worth $1,484,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in Axon Enterprise by 273.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock valued at $659,128,000 after purchasing an additional 812,337 shares during the last quarter. Norges Bank acquired a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $482,081,000. GQG Partners LLC bought a new position in Axon Enterprise in the 4th quarter valued at approximately $478,349,000. Vanguard Group Inc. boosted its position 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 buying an additional 275,959 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Axon Enterprise by 82.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 551,197 shares of the biotechnology company’s stock worth $327,587,000 after acquiring an additional 249,513 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity

In other Axon Enterprise 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 transaction of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their position. 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AXON shares. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $626.45.

Axon Enterprise Price Performance

Axon Enterprise stock opened at $567.98 on Friday. 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 has a market capitalization of $43.52 billion, a price-to-earnings ratio of 146.77, a PEG ratio of 5.17 and a beta of 1.13. The stock’s 50 day moving average price is $567.07 and its two-hundred day moving average price is $560.54. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99.

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.