King Luther Capital Management Corp Sells 424 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

King Luther Capital Management Corp decreased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,050 shares of the biotechnology company’s stock after selling 424 shares during the quarter. King Luther Capital Management Corp’s holdings in Axon Enterprise were worth $5,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Groupama Asset Managment bought a new position in shares of Axon Enterprise in the third quarter valued at $200,000. Massachusetts Financial Services Co. MA bought a new position in Axon Enterprise in the 3rd quarter valued at about $120,553,000. Proficio Capital Partners LLC bought a new stake in Axon Enterprise during the 4th quarter worth approximately $78,414,000. Westfield Capital Management Co. LP raised 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. lifted its holdings 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 valued at $86,354,000 after purchasing an additional 111,405 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

Shares of NASDAQ:AXON opened at $526.64 on Wednesday. The company has a 50-day moving average price of $596.28 and a two-hundred day moving average price of $532.72. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $40.35 billion, a PE ratio of 136.08, a P/E/G ratio of 5.17 and a beta of 1.12.

Insider Buying and Selling

In other Axon Enterprise news, President Joshua Isner sold 1,291 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total transaction of $829,377.13. Following the sale, the president now owns 181,892 shares in the company, valued at $116,852,877.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,146 shares of company stock valued at $3,262,847. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

AXON has been the subject of several recent research reports. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. Robert W. Baird upped their target price on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $587.38.

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.