Archer Capital Management L.P. trimmed its position in Axon Enterprise Inc (NASDAQ:AAXN) by 29.4% in the fourth quarter, Holdings Channel reports. The fund owned 389,930 shares of the industrial products company’s stock after selling 162,070 shares during the period. Axon Enterprise makes up approximately 4.0% of Archer Capital Management L.P.’s investment portfolio, making the stock its 9th largest position. Archer Capital Management L.P.’s holdings in Axon Enterprise were worth $10,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cortina Asset Management LLC increased its holdings 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 acquiring an additional 31,543 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Axon Enterprise by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,663,788 shares of the industrial products company’s stock valued at $37,718,000 after acquiring an additional 11,433 shares during the last quarter. Roundview Capital LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at approximately $248,000. Comerica Bank bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at approximately $1,278,000. Finally, Texas Yale Capital Corp. increased its holdings in shares of Axon Enterprise by 13.5% in the 4th quarter. Texas Yale Capital Corp. now owns 33,205 shares of the industrial products company’s stock valued at $880,000 after acquiring an additional 3,950 shares during the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

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Axon Enterprise Inc (AAXN) opened at $39.35 on Wednesday. The company has a market capitalization of $2,080.00, a price-to-earnings ratio of 157.40, a P/E/G ratio of 4.16 and a beta of 0.88. Axon Enterprise Inc has a 52 week low of $20.57 and a 52 week high of $40.49.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.21. The firm had revenue of $94.65 million during the quarter, compared to the consensus estimate of $87.88 million. Axon Enterprise had a return on equity of 8.17% and a net margin of 1.59%. sell-side analysts forecast that Axon Enterprise Inc will post 0.38 EPS for the current year.

In other Axon Enterprise news, President Luke Larson sold 36,105 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Joshua Isner sold 9,301 shares of the business’s stock in a transaction 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 corporate insiders.

A number of equities research analysts have recently weighed in on the company. Dougherty & Co reiterated a “buy” rating and issued a $36.00 price target (up from $33.00) on shares of Axon Enterprise in a report on Wednesday, February 28th. Ladenburg Thalmann Financial Services upgraded Axon Enterprise from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, February 28th. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Friday, March 2nd. BidaskClub upgraded Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Finally, JPMorgan Chase & Co. set a $37.00 price objective on Axon Enterprise and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $36.14.

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

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