WINTON GROUP Ltd grew its position in Axon Enterprise Inc (NASDAQ:AAXN) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,720 shares of the industrial products company’s stock after buying an additional 20,506 shares during the quarter. WINTON GROUP Ltd’s holdings in Axon Enterprise were worth $11,671,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Mason Street Advisors LLC lifted its holdings in shares of Axon Enterprise by 6.9% in the 1st quarter. Mason Street Advisors LLC now owns 14,712 shares of the industrial products company’s stock worth $578,000 after buying an additional 950 shares during the period. Amalgamated Bank lifted its holdings in shares of Axon Enterprise by 13.9% in the 2nd quarter. Amalgamated Bank now owns 8,566 shares of the industrial products company’s stock worth $541,000 after buying an additional 1,043 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Axon Enterprise by 19.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,776 shares of the industrial products company’s stock worth $428,000 after buying an additional 1,113 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Axon Enterprise by 5.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 21,180 shares of the industrial products company’s stock worth $833,000 after buying an additional 1,180 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Axon Enterprise by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 25,081 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 1,274 shares during the period. Institutional investors and hedge funds own 82.24% of the company’s stock.

In related news, Director Julie A. Cullivan sold 2,100 shares of the company’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $72.79, for a total transaction of $152,859.00. Following the transaction, the director now directly owns 6,779 shares of the company’s stock, valued at approximately $493,443.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark W. Kroll sold 3,100 shares of the company’s stock in a transaction dated Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the transaction, the director now directly owns 55,135 shares in the company, valued at $1,259,834.75. The disclosure for this sale can be found here. Insiders have sold a total of 38,297 shares of company stock worth $2,493,815 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on AAXN shares. BidaskClub upgraded Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Zacks Investment Research cut Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Dougherty & Co cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. Morgan Stanley assumed coverage on Axon Enterprise in a research note on Monday, July 2nd. They set an “overweight” rating and a $75.00 price objective for the company. Finally, William Blair assumed coverage on Axon Enterprise in a research note on Tuesday, May 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $62.64.

Shares of NASDAQ AAXN traded down $1.12 during mid-day trading on Wednesday, reaching $67.96. 4,171 shares of the company were exchanged, compared to its average volume of 981,302. The stock has a market capitalization of $4.28 billion, a P/E ratio of 250.19, a price-to-earnings-growth ratio of 5.68 and a beta of 1.11. Axon Enterprise Inc has a 1 year low of $20.57 and a 1 year high of $76.45.

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

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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