Kovitz Investment Group Partners LLC Invests $328,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

Kovitz Investment Group Partners LLC acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 821 shares of the biotechnology company’s stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Axon Enterprise during the 3rd quarter worth approximately $120,553,000. International Assets Investment Management LLC purchased a new position in Axon Enterprise during the third quarter worth approximately $871,860,000. Westfield Capital Management Co. LP lifted its position in Axon Enterprise by 12.2% during 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 in the last quarter. 1832 Asset Management L.P. boosted its stake in Axon Enterprise by 44.0% during the second quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock worth $110,546,000 after buying an additional 114,800 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in Axon Enterprise by 13.9% in the 3rd quarter. Champlain Investment Partners LLC now owns 682,420 shares of the biotechnology company’s stock valued at $272,695,000 after buying an additional 83,265 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AXON shares. The Goldman Sachs Group boosted their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Robert W. Baird raised their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC upped their price objective on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities increased their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $488.67.

Insider Activity

In related news, President Joshua Isner sold 20,000 shares of Axon Enterprise stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the transaction, the president now directly owns 208,166 shares in the company, valued at approximately $126,179,820.90. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $380.99, for a total value of $380,990.00. Following the transaction, the director now directly owns 27,259 shares of the company’s stock, valued at $10,385,406.41. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,590 shares of company stock valued at $49,176,907. 6.10% of the stock is currently owned by company insiders.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $644.91 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The company has a market cap of $49.17 billion, a P/E ratio of 166.64, a P/E/G ratio of 14.14 and a beta of 1.01. The stock has a 50-day moving average of $539.52 and a two-hundred day moving average of $404.63. Axon Enterprise, Inc. has a 1-year low of $241.72 and a 1-year high of $698.67.

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.