Handelsbanken Fonder AB Trims Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Handelsbanken Fonder AB decreased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 13.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,302 shares of the biotechnology company’s stock after selling 6,000 shares during the period. Handelsbanken Fonder AB’s holdings in Axon Enterprise were worth $22,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC grew its holdings in shares of Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group purchased a new position in shares of Axon Enterprise during the 3rd quarter worth approximately $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the 4th quarter worth approximately $45,000. Finally, Planning Capital Management Corp grew its holdings in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AXON shares. Northland Securities upped their target price on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Craig Hallum cut Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price target on the stock. in a research report on Thursday. The Goldman Sachs Group boosted their price target on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Needham & Company LLC boosted their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $561.31.

Axon Enterprise Stock Performance

AXON stock opened at $513.22 on Friday. The stock has a market capitalization of $39.13 billion, a PE ratio of 132.62, a price-to-earnings-growth ratio of 5.95 and a beta of 1.05. Axon Enterprise, Inc. has a 12-month low of $265.32 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 stock’s 50 day simple moving average is $619.94 and its 200 day simple moving average is $517.11.

Insider Activity at Axon Enterprise

In other news, President Joshua Isner sold 1,291 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total transaction of $829,377.13. Following the transaction, the president now directly owns 181,892 shares of the company’s stock, valued at $116,852,877.56. This represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey C. Kunins sold 2,304 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total value of $1,508,636.16. Following the transaction, the insider now directly owns 128,542 shares in the company, valued at $84,168,016.18. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,711 shares of company stock valued at $5,631,561. 6.10% of the stock is owned by corporate insiders.

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.