State Board of Administration of Florida Retirement System trimmed its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 5.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 34,595 shares of the industrial products company’s stock after selling 2,150 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Axon Enterprise were worth $2,367,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. USA Financial Portformulas Corp bought a new stake in Axon Enterprise in the third quarter worth $541,000. Wagner Bowman Management Corp purchased a new position in shares of Axon Enterprise in the third quarter worth $288,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Axon Enterprise by 68.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,915 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 1,590 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Axon Enterprise by 337.4% during the third quarter. Public Employees Retirement Association of Colorado now owns 7,261 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 5,601 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Axon Enterprise by 1,515.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,615 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 1,515 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

In other Axon Enterprise news, insider Douglas E. Klint sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the sale, the insider now directly owns 104,341 shares in the company, valued at $7,285,088.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the company’s stock in a transaction that occurred on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total value of $70,835.00. Following the sale, the director now owns 55,135 shares in the company, valued at $1,259,834.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,100 shares of company stock valued at $2,015,035. Corporate insiders own 3.50% of the company’s stock.

NASDAQ AAXN opened at $49.95 on Monday. The stock has a market capitalization of $2.92 billion, a PE ratio of 185.00, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00. Axon Enterprise Inc has a twelve month low of $22.49 and a twelve month high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $104.84 million during the quarter, compared to analyst estimates of $103.06 million. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, research analysts forecast that Axon Enterprise Inc will post 0.52 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research lowered Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. BidaskClub lowered Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Dougherty & Co lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. Robert W. Baird reissued a “hold” rating and set a $69.00 price target on shares of Axon Enterprise in a report on Wednesday, August 8th. Finally, Craig Hallum lowered Axon Enterprise from a “buy” rating to a “hold” rating and boosted their price target for the company from $55.00 to $62.00 in a report on Wednesday, August 8th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Axon Enterprise presently has a consensus rating of “Buy” and a consensus price target of $64.82.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/11/19/axon-enterprise-inc-aaxn-holdings-decreased-by-state-board-of-administration-of-florida-retirement-system.html.

About Axon Enterprise

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.

Read More: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding AAXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axon Enterprise Inc (NASDAQ:AAXN).

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

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.