Arizona State Retirement System Acquires 279 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Arizona State Retirement System lifted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,820 shares of the biotechnology company’s stock after purchasing an additional 279 shares during the period. Arizona State Retirement System’s holdings in Axon Enterprise were worth $12,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AXON. Groupama Asset Managment bought a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $200,000. Massachusetts Financial Services Co. MA bought a new position in Axon Enterprise in the third quarter worth approximately $120,553,000. Proficio Capital Partners LLC bought a new position in Axon Enterprise in the fourth quarter worth approximately $78,414,000. Westfield Capital Management Co. LP boosted its holdings in 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 acquiring an additional 127,769 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in 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 acquiring an additional 111,405 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of AXON opened at $499.31 on Friday. 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 market capitalization of $38.07 billion, a price-to-earnings ratio of 129.02, a PEG ratio of 5.17 and a beta of 1.12. The stock has a 50 day moving average of $603.60 and a 200 day moving average of $527.57. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,035 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total value of $646,326.45. Following the completion of the sale, the insider now directly owns 124,243 shares of the company’s stock, valued at $77,586,026.21. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,146 shares of company stock valued at $3,262,847. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. TD Cowen assumed coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Northland Securities raised their target price on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and an average target price of $587.38.

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.