Axon Enterprise Inc (AAXN) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in Axon Enterprise Inc (NASDAQ:AAXN) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,069 shares of the industrial products company’s stock after acquiring an additional 6,018 shares during the period. Commonwealth Equity Services LLC owned 0.05% of Axon Enterprise worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAXN. BlackRock Inc. boosted its stake in Axon Enterprise by 7.1% in the third quarter. BlackRock Inc. now owns 9,728,208 shares of the industrial products company’s stock valued at $665,701,000 after acquiring an additional 644,469 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Axon Enterprise by 116.2% in the fourth quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock valued at $34,879,000 after acquiring an additional 428,547 shares in the last quarter. Villere ST Denis J & Co. LLC boosted its stake in Axon Enterprise by 25.7% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock valued at $61,037,000 after acquiring an additional 284,945 shares in the last quarter. Vanguard Group Inc boosted its stake in Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after acquiring an additional 238,066 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after acquiring an additional 238,066 shares in the last quarter. Institutional investors own 79.17% of the company’s stock.

Shares of AAXN opened at $47.96 on Friday. Axon Enterprise Inc has a fifty-two week low of $37.11 and a fifty-two week high of $76.45. The stock has a market cap of $2.77 billion, a PE ratio of 95.92, a price-to-earnings-growth ratio of 3.66 and a beta of 0.89.

Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The business had revenue of $114.79 million for the quarter, compared to analyst estimates of $104.03 million. During the same quarter last year, the company posted $0.17 EPS. Axon Enterprise’s quarterly revenue was up 21.3% on a year-over-year basis. Research analysts expect that Axon Enterprise Inc will post 0.53 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. BidaskClub upgraded shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 10th. Zacks Investment Research downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Northland Securities reiterated a “buy” rating and set a $70.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 27th. Finally, Morgan Stanley decreased their target price on shares of Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, January 7th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $68.90.

In related news, Director Michael Garnreiter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the director now owns 33,261 shares in the company, valued at $1,995,660. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Joshua Isner sold 631 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $53.53, for a total transaction of $33,777.43. Following the completion of the sale, the executive now owns 42,625 shares of the company’s stock, valued at approximately $2,281,716.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,057 shares of company stock valued at $10,534,320. 2.40% of the stock is owned by insiders.

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Axon Enterprise Company 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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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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