New York State Teachers Retirement System acquired a new stake in shares of TASER International, Inc. (NASDAQ:AAXN) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 56,564 shares of the industrial products company’s stock, valued at approximately $1,289,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Navellier & Associates Inc purchased a new stake in TASER International during the first quarter valued at $201,000. Sapphire Star Partners LP purchased a new stake in TASER International during the first quarter valued at $201,000. Airain ltd purchased a new stake in TASER International during the first quarter valued at $386,000. Congress Asset Management Co. MA purchased a new stake in TASER International during the first quarter valued at $624,000. Finally, Artisan Partners Limited Partnership purchased a new stake in TASER International during the first quarter valued at $31,718,000. Hedge funds and other institutional investors own 79.18% of the company’s stock.

TASER International, Inc. (NASDAQ AAXN) opened at 25.26 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 71.97 and a beta of 0.97. TASER International, Inc. has a one year low of $21.18 and a one year high of $30.15. The firm has a 50-day moving average of $25.15 and a 200-day moving average of $24.57.

TASER International (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $69.69 million. TASER International had a return on equity of 11.93% and a net margin of 6.31%. TASER International’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, analysts anticipate that TASER International, Inc. will post $0.26 earnings per share for the current year.

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AAXN has been the subject of several recent research reports. Imperial Capital restated an “in-line” rating and issued a $25.00 price objective on shares of TASER International in a report on Monday, March 27th. Zacks Investment Research downgraded TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Craig Hallum lifted their price objective on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, ValuEngine downgraded TASER International from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. TASER International has an average rating of “Hold” and an average price target of $28.80.

About TASER International

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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Institutional Ownership by Quarter for TASER International (NASDAQ:AAXN)

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