Archer Capital Management L.P. trimmed its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 29.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 389,930 shares of the industrial products company’s stock after selling 162,070 shares during the period. Axon Enterprise accounts for approximately 4.0% of Archer Capital Management L.P.’s holdings, making the stock its 9th largest holding. Archer Capital Management L.P. owned approximately 0.74% of Axon Enterprise worth $10,333,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Cortina Asset Management LLC lifted its stake in shares of Axon Enterprise by 9.7% in the 4th quarter. Cortina Asset Management LLC now owns 357,224 shares of the industrial products company’s stock valued at $9,466,000 after purchasing an additional 31,543 shares in the last quarter. Janus Henderson Group PLC lifted its position in Axon Enterprise by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock worth $37,718,000 after acquiring an additional 11,433 shares in the last quarter. Roundview Capital LLC acquired a new position in Axon Enterprise during the 4th quarter worth approximately $248,000. Comerica Bank acquired a new position in Axon Enterprise during the 3rd quarter worth approximately $1,278,000. Finally, Texas Yale Capital Corp. lifted its position in Axon Enterprise by 13.5% during the 4th quarter. Texas Yale Capital Corp. now owns 33,205 shares of the industrial products company’s stock worth $880,000 after acquiring an additional 3,950 shares in the last quarter. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Axon Enterprise Inc (NASDAQ AAXN) opened at $39.35 on Wednesday. Axon Enterprise Inc has a twelve month low of $20.57 and a twelve month high of $40.49. The stock has a market capitalization of $2,080.00, a P/E ratio of 157.40, a price-to-earnings-growth ratio of 4.16 and a beta of 0.88.
In other Axon Enterprise news, President Luke Larson sold 36,105 shares of Axon Enterprise stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.62, for a total transaction of $1,322,165.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Joshua Isner sold 9,301 shares of Axon Enterprise stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $36.34, for a total value of $337,998.34. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Several equities analysts recently commented on AAXN shares. BidaskClub raised Axon Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Axon Enterprise from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. boosted their price target on Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, December 21st. Craig Hallum set a $37.00 price target on Axon Enterprise and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Sidoti lowered Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research report on Monday, March 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.14.
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Axon Enterprise Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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