Axon Enterprise, Inc $AXON Stake Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 27.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,419 shares of the biotechnology company’s stock after buying an additional 1,604 shares during the period. Public Sector Pension Investment Board’s holdings in Axon Enterprise were worth $5,324,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its position in Axon Enterprise by 4.8% during the 2nd quarter. Westside Investment Management Inc. now owns 283 shares of the biotechnology company’s stock worth $225,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC lifted its position in shares of Axon Enterprise by 26.9% in the second quarter. CVA Family Office LLC now owns 66 shares of the biotechnology company’s stock worth $55,000 after purchasing an additional 14 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Axon Enterprise by 2.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 508 shares of the biotechnology company’s stock worth $421,000 after purchasing an additional 14 shares during the period. Vicus Capital grew its position in Axon Enterprise by 3.7% during the third quarter. Vicus Capital now owns 396 shares of the biotechnology company’s stock valued at $284,000 after purchasing an additional 14 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Axon Enterprise by 3.8% during the second quarter. Evergreen Capital Management LLC now owns 413 shares of the biotechnology company’s stock valued at $342,000 after purchasing an additional 15 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, CAO Jennifer H. Mak sold 1,134 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $600.00, for a total transaction of $680,400.00. Following the transaction, the chief accounting officer owned 13,740 shares in the company, valued at $8,244,000. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $551.92, for a total transaction of $5,519,200.00. Following the completion of the transaction, the chief executive officer directly owned 3,110,997 shares in the company, valued at approximately $1,717,021,464.24. This represents a 0.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,040 shares of company stock worth $27,249,338 in the last 90 days. Company insiders own 4.40% of the company’s stock.

Axon Enterprise Trading Up 2.6%

Axon Enterprise stock opened at $441.12 on Friday. Axon Enterprise, Inc has a one year low of $396.41 and a one year high of $885.91. The company’s fifty day moving average price is $547.24 and its two-hundred day moving average price is $640.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.12 and a quick ratio of 2.89. The company has a market capitalization of $34.81 billion, a price-to-earnings ratio of 139.60, a PEG ratio of 12.96 and a beta of 1.48.

Analysts Set New Price Targets

A number of research firms have issued reports on AXON. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axon Enterprise in a research report on Monday, December 29th. Royal Bank Of Canada assumed coverage on shares of Axon Enterprise in a research note on Monday, November 17th. They issued an “outperform” rating and a $860.00 price target on the stock. Northcoast Research upgraded Axon Enterprise from a “neutral” rating to a “buy” rating and set a $742.00 price objective for the company in a report on Tuesday, January 6th. Morgan Stanley reduced their price objective on Axon Enterprise from $760.00 to $713.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Finally, Piper Sandler dropped their target price on Axon Enterprise from $893.00 to $753.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $805.71.

Axon Enterprise Company Profile

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.