California Public Employees Retirement System Sells 6,819 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

California Public Employees Retirement System cut its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 113,364 shares of the biotechnology company’s stock after selling 6,819 shares during the period. California Public Employees Retirement System’s holdings in Axon Enterprise were worth $67,374,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Axon Enterprise by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company’s stock worth $5,019,886,000 after buying an additional 275,959 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Axon Enterprise by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,782,828 shares of the biotechnology company’s stock valued at $710,103,000 after purchasing an additional 35,320 shares in the last quarter. Norges Bank bought a new stake in shares of Axon Enterprise during the 4th quarter valued at approximately $482,081,000. GQG Partners LLC bought a new stake in shares of Axon Enterprise during the 4th quarter valued at approximately $478,349,000. Finally, Groupama Asset Managment acquired a new position in Axon Enterprise during the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Transactions at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction 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 represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Price Performance

AXON stock opened at $541.20 on Wednesday. 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 cap of $41.47 billion, a price-to-earnings ratio of 139.85, a PEG ratio of 5.17 and a beta of 1.12. The company’s fifty day simple moving average is $586.98 and its 200 day simple moving average is $552.75. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Barclays restated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $604.67.

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.