Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. boosted its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,244 shares of the biotechnology company’s stock after purchasing an additional 88 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Axon Enterprise were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AXON. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise during the fourth quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise during the 4th quarter worth $45,000. Prestige Wealth Management Group LLC grew its stake in shares of Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Stock Performance

Shares of AXON opened at $559.06 on Thursday. The company has a 50-day moving average of $591.51 and a two-hundred day moving average of $546.76. The stock has a market cap of $42.84 billion, a price-to-earnings ratio of 144.46, a PEG ratio of 5.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. TD Cowen began coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price for the company. Robert W. Baird lifted their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Barclays restated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Buying and Selling

In other news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s 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 transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

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.