Sei Investments Co. purchased a new position in Axon Enterprise Inc (NASDAQ:AAXN) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 23,403 shares of the industrial products company’s stock, valued at approximately $1,478,000.

Other hedge funds also recently bought and sold shares of the company. BerganKDV Wealth Management LLC purchased a new position in Axon Enterprise in the 2nd quarter worth about $126,000. Benjamin F. Edwards & Company Inc. purchased a new position in Axon Enterprise in the 2nd quarter worth about $147,000. Everence Capital Management Inc. purchased a new position in Axon Enterprise in the 2nd quarter worth about $231,000. Sheaff Brock Investment Advisors LLC purchased a new position in Axon Enterprise in the 2nd quarter worth about $256,000. Finally, Harbour Capital Advisors LLC purchased a new position in Axon Enterprise in the 2nd quarter worth about $283,000. 82.24% of the stock is currently owned by institutional investors.

In other news, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $68.00, for a total value of $68,000.00. Following the sale, the director now directly owns 38,261 shares in the company, valued at approximately $2,601,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas E. Klint sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the completion of the sale, the insider now owns 104,341 shares in the company, valued at $7,285,088.62. The disclosure for this sale can be found here. Insiders sold a total of 38,297 shares of company stock worth $2,493,815 over the last 90 days. Company insiders own 3.90% of the company’s stock.

A number of research analysts have commented on AAXN shares. Imperial Capital raised shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and raised their target price for the company from $50.00 to $62.00 in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Axon Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. TheStreet downgraded shares of Axon Enterprise from a “b-” rating to a “c” rating in a research report on Thursday, August 9th. BidaskClub downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Finally, Dougherty & Co downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Axon Enterprise currently has a consensus rating of “Buy” and an average price target of $61.00.

NASDAQ AAXN opened at $70.46 on Friday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 132.94, a price-to-earnings-growth ratio of 5.45 and a beta of 1.10. Axon Enterprise Inc has a one year low of $20.57 and a one year high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%. The business had revenue of $99.23 million for the quarter, compared to analysts’ expectations of $95.74 million. equities research analysts expect that Axon Enterprise Inc will post 0.52 earnings per share for the current fiscal year.

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

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