Virginia Retirement Systems ET AL lifted its stake in Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,800 shares of the biotechnology company's stock after acquiring an additional 3,000 shares during the period. Virginia Retirement Systems ET AL's holdings in Axon Enterprise were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Retirement Planning Co of New England Inc. acquired a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $31,000. Tyler Stone Wealth Management bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $32,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $37,000. Bivin & Associates Inc. bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $42,000. Finally, Trust Co. of Vermont bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $47,000. 72.06% of the stock is owned by institutional investors.
Get Axon Enterprise alerts:A number of analysts recently commented on AXON shares. Northland Securities dropped their target price on shares of Axon Enterprise from $180.00 to $130.00 in a report on Thursday, May 12th. Morgan Stanley downgraded shares of Axon Enterprise from an "overweight" rating to an "equal weight" rating and set a $120.00 target price on the stock. in a report on Monday, May 23rd. JMP Securities restated a "buy" rating and set a $195.00 price target on shares of Axon Enterprise in a report on Wednesday, June 1st. Robert W. Baird cut their price target on shares of Axon Enterprise from $145.00 to $125.00 in a report on Wednesday, May 11th. Finally, StockNews.com upgraded shares of Axon Enterprise from a "hold" rating to a "buy" rating in a report on Saturday, June 18th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $172.89.
In related news, Director Mark W. Kroll sold 3,159 shares of the company's stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $102.82, for a total transaction of $324,808.38. Following the completion of the sale, the director now directly owns 13,691 shares of the company's stock, valued at approximately $1,407,708.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.90% of the company's stock.Shares of AXON opened at $95.65 on Wednesday. The company's 50 day moving average price is $94.23 and its 200 day moving average price is $119.28. Axon Enterprise, Inc. has a 52 week low of $82.49 and a 52 week high of $209.00. The company has a market capitalization of $6.79 billion, a PE ratio of 183.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.18 and a current ratio of 2.43.
Axon Enterprise (NASDAQ:AXON – Get Rating) last posted its earnings results on Tuesday, May 10th. The biotechnology company reported $0.76 EPS for the quarter. The company had revenue of $256.43 million during the quarter, compared to the consensus estimate of $233.57 million. Axon Enterprise had a net margin of 4.62% and a return on equity of 3.90%. The company's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.75) earnings per share. On average, equities analysts forecast that Axon Enterprise, Inc. will post 1.35 earnings per share for the current fiscal year.
Axon Enterprise Company Profile (Get Rating)
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, TASER, and Software and Sensors. 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Axon Enterprise (AXON)
- Get Defensive With These Three Upgrades
- 3 Home Improvement Stocks That Can Renovate Your Portfolio
- Looking to Dump These 3 Possible Delisted Chinese Stocks? Let's Take a Look.
- Vera Bradley Stock Getting Cheap
- 3 Education Stocks to Enroll in This Summer
Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.