Picton Mahoney Asset Management acquired a new position in Axon Enterprise Inc (NASDAQ:AAXN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,200 shares of the industrial products company’s stock, valued at approximately $1,451,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAXN. Steward Partners Investment Advisory LLC raised its position in shares of Axon Enterprise by 1,515.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 1,515 shares in the last quarter. BerganKDV Wealth Management LLC bought a new position in shares of Axon Enterprise in the 2nd quarter worth approximately $126,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Axon Enterprise in the 2nd quarter worth approximately $147,000. Advisors Preferred LLC bought a new position in shares of Axon Enterprise in the 2nd quarter worth approximately $175,000. Finally, Brighton Jones LLC bought a new position in shares of Axon Enterprise in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 81.80% of the company’s stock.
AAXN stock opened at $52.25 on Friday. Axon Enterprise Inc has a twelve month low of $20.81 and a twelve month high of $76.45. The company has a market cap of $2.96 billion, a P/E ratio of 193.52, a P/E/G ratio of 3.95 and a beta of 1.00.
Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. The company had revenue of $104.84 million during the quarter, compared to analyst estimates of $103.06 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities analysts forecast that Axon Enterprise Inc will post 0.51 earnings per share for the current year.
In other Axon Enterprise news, Director Mark W. Kroll sold 3,100 shares of the stock in a transaction on Sunday, December 16th. The stock was sold at an average price of $22.85, for a total transaction of $70,835.00. Following the sale, the director now directly owns 55,135 shares in the company, valued at approximately $1,259,834.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $62.09, for a total value of $62,090.00. Following the sale, the director now owns 36,261 shares in the company, valued at $2,251,445.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,197 shares of company stock worth $2,471,656. Company insiders own 3.90% of the company’s stock.
Several research analysts have recently issued reports on AAXN shares. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Zacks Investment Research lowered Axon Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Dougherty & Co lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. Raymond James assumed coverage on Axon Enterprise in a research report on Friday, September 14th. They set an “outperform” rating and a $79.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Axon Enterprise from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $68.00 in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.82.
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Axon Enterprise Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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