Argus Investors Counsel Inc. Sells 59 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Argus Investors Counsel Inc. decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,484 shares of the biotechnology company’s stock after selling 59 shares during the quarter. Axon Enterprise accounts for approximately 1.8% of Argus Investors Counsel Inc.’s portfolio, making the stock its 15th largest position. Argus Investors Counsel Inc.’s holdings in Axon Enterprise were worth $2,665,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Groupama Asset Managment purchased a new position in shares of Axon Enterprise in the third quarter worth $200,000. Massachusetts Financial Services Co. MA bought a new position in shares of Axon Enterprise during the third quarter valued at about $120,553,000. International Assets Investment Management LLC purchased a new stake in shares of Axon Enterprise during the third quarter worth about $871,860,000. Westfield Capital Management Co. LP grew its stake 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 purchasing an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after purchasing an additional 111,405 shares during the period. 79.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXON has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Needham & Company LLC increased their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JMP Securities raised their price objective on shares of Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a report on Tuesday. 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. Finally, The Goldman Sachs Group raised their target price on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $542.15.

Insider Buying and Selling at Axon Enterprise

In other news, President Joshua Isner sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the president now directly owns 208,166 shares of the company’s stock, valued at $126,179,820.90. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey C. Kunins sold 21,834 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total value of $12,966,775.92. Following the transaction, the insider now directly owns 154,394 shares in the company, valued at approximately $91,691,508.72. This represents a 12.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,545 shares of company stock worth $30,721,337 over the last 90 days. 5.70% of the stock is owned by insiders.

Axon Enterprise Trading Up 2.7 %

AXON stock opened at $680.52 on Thursday. The firm has a fifty day moving average price of $621.94 and a 200 day moving average price of $490.00. Axon Enterprise, Inc. has a fifty-two week low of $255.58 and a fifty-two week high of $698.67. The firm has a market cap of $51.89 billion, a PE ratio of 175.85, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

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.