Swiss National Bank Raises Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Swiss National Bank boosted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 212,800 shares of the biotechnology company’s stock after purchasing an additional 500 shares during the period. Swiss National Bank’s holdings in Axon Enterprise were worth $85,035,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AXON. 1832 Asset Management L.P. purchased a new stake in shares of Axon Enterprise in the first quarter valued at about $81,630,000. International Assets Investment Management LLC purchased a new stake in shares of Axon Enterprise in the third quarter valued at about $871,860,000. Swedbank AB purchased a new stake in shares of Axon Enterprise in the first quarter valued at about $39,923,000. Mizuho Securities USA LLC boosted its holdings in shares of Axon Enterprise by 1,077.9% in the third quarter. Mizuho Securities USA LLC now owns 64,418 shares of the biotechnology company’s stock valued at $25,741,000 after acquiring an additional 58,949 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Axon Enterprise by 53.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 157,094 shares of the biotechnology company’s stock valued at $46,223,000 after acquiring an additional 54,526 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling at Axon Enterprise

In other news, President Joshua Isner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the sale, the president now directly owns 208,166 shares of the company’s stock, valued at $126,179,820.90. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick W. Smith sold 80,300 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $371.78, for a total transaction of $29,853,934.00. Following the completion of the sale, the chief executive officer now directly owns 3,015,366 shares of the company’s stock, valued at $1,121,052,771.48. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 411,006 shares of company stock valued at $161,360,618. 6.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on AXON shares. Barclays raised their price objective on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Needham & Company LLC raised their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird raised their price objective on shares of Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Craig Hallum raised their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Northland Securities raised their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $427.83.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $600.00 on Tuesday. Axon Enterprise, Inc. has a twelve month low of $224.16 and a twelve month high of $624.84. 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 company has a 50-day moving average of $443.50 and a 200-day moving average of $359.89. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of 155.04, a price-to-earnings-growth ratio of 15.05 and a beta of 0.94.

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.