Natixis Advisors LLC Boosts Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Natixis Advisors LLC raised its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,251 shares of the biotechnology company’s stock after buying an additional 859 shares during the quarter. Natixis Advisors LLC’s holdings in Axon Enterprise were worth $18,573,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Groupama Asset Managment purchased a new stake in shares of Axon Enterprise in the third quarter worth about $200,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Axon Enterprise in the third quarter worth about $120,553,000. Proficio Capital Partners LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter worth about $78,414,000. Westfield Capital Management Co. LP boosted its position in shares of Axon Enterprise by 12.2% in the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after buying an additional 127,769 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Axon Enterprise by 328.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after buying an additional 111,405 shares during the period. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Down 2.7 %

Shares of NASDAQ AXON opened at $539.99 on Wednesday. The stock’s 50 day moving average price is $592.66 and its two-hundred day moving average price is $539.27. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The stock has a market capitalization of $41.38 billion, a P/E ratio of 139.53, a PEG ratio of 5.17 and a beta of 1.12. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AXON shares. TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price for the company. Barclays reissued a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. Finally, Robert W. Baird increased their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $604.67.

Insider Buying and Selling at Axon Enterprise

In other news, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the sale, the insider now directly owns 124,243 shares in the company, valued at approximately $77,586,026.21. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $169,685.04. Following the sale, the director now owns 1,627 shares in the company, valued at $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,792 shares of company stock worth $1,087,843 over the last quarter. 5.70% of the stock is owned by corporate insiders.

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.