Nisa Investment Advisors LLC Purchases 742 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Nisa Investment Advisors LLC lifted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the biotechnology company’s stock after acquiring an additional 742 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Axon Enterprise were worth $904,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in Axon Enterprise in the fourth quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in shares of Axon Enterprise in the first quarter worth approximately $29,000. BKM Wealth Management LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $32,000. First Capital Advisors Group LLC. purchased a new position in Axon Enterprise during the 2nd quarter valued at $33,000. Finally, Tyler Stone Wealth Management bought a new position in Axon Enterprise in the 2nd quarter valued at $35,000. Institutional investors own 79.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TheStreet lowered shares of Axon Enterprise from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group boosted their price objective on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Morgan Stanley boosted their price target on Axon Enterprise from $250.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $312.64.

Axon Enterprise Price Performance

Shares of AXON stock opened at $303.31 on Tuesday. The stock’s 50-day moving average is $298.34 and its 200 day moving average is $256.00. Axon Enterprise, Inc. has a 1-year low of $175.37 and a 1-year high of $329.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. The company has a market cap of $22.89 billion, a P/E ratio of 131.87 and a beta of 0.93.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The business had revenue of $432.14 million for the quarter, compared to analysts’ expectations of $418.97 million. Research analysts predict that Axon Enterprise, Inc. will post 2.43 earnings per share for the current fiscal year.

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.