Public Employees Retirement System of Ohio Has $9.36 Million Position in Axon Enterprise, Inc $AXON

Public Employees Retirement System of Ohio lowered its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 23.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,044 shares of the biotechnology company’s stock after selling 6,691 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Axon Enterprise were worth $9,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AXON. Creative Financial Designs Inc. ADV acquired a new stake in Axon Enterprise during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC grew its stake in shares of Axon Enterprise by 550.0% in the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise in the 4th quarter worth approximately $30,000. AlphaCentric Advisors LLC acquired a new position in shares of Axon Enterprise in the 4th quarter worth approximately $34,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Caitlin Elizabeth Kalinowski sold 564 shares of Axon Enterprise stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $478.97, for a total value of $270,139.08. Following the completion of the transaction, the director directly owned 3,632 shares of the company’s stock, valued at $1,739,619.04. The trade was a 13.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $643.79, for a total transaction of $6,437,900.00. Following the transaction, the chief executive officer owned 3,040,997 shares in the company, valued at approximately $1,957,763,458.63. This trade represents a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 58,989 shares of company stock valued at $30,527,983 in the last 90 days. 4.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on AXON. Weiss Ratings raised Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. Morgan Stanley set a $600.00 target price on shares of Axon Enterprise in a research report on Thursday, May 7th. Piper Sandler lifted their price target on shares of Axon Enterprise from $674.00 to $724.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, TD Cowen restated a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, July 22nd. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $725.25.

Axon Enterprise Trading Up 4.6%

AXON stock opened at $525.48 on Tuesday. The business has a fifty day moving average price of $485.78 and a 200 day moving average price of $478.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.27 and a quick ratio of 1.93. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $885.91. The stock has a market capitalization of $42.35 billion, a price-to-earnings ratio of 211.04, a P/E/G ratio of 10.25 and a beta of 1.38.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Wednesday, May 6th. The biotechnology company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $807.35 million for the quarter, compared to analyst estimates of $778.90 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.The business’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. Analysts expect that Axon Enterprise, Inc will post 1.63 EPS for the current fiscal year.

About Axon Enterprise

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.