Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,814 shares of the biotechnology company’s stock after selling 59 shares during the period. Great Lakes Retirement Inc.’s holdings in Axon Enterprise were worth $2,267,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board increased its stake in Axon Enterprise by 19.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock valued at $1,240,000 after purchasing an additional 500 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Axon Enterprise by 9.2% in the 3rd quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock valued at $4,227,000 after acquiring an additional 895 shares during the period. Foundations Investment Advisors LLC purchased a new position in Axon Enterprise in the 3rd quarter worth $221,000. Sequoia Financial Advisors LLC lifted its position in Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock worth $690,000 after acquiring an additional 81 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in Axon Enterprise during the 3rd quarter valued at about $814,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their target price on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Needham & Company LLC increased their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities lifted their price objective on Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Finally, Northland Securities upped their target price on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $542.15.

Insiders Place Their Bets

In related news, insider Jeffrey C. Kunins sold 2,304 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total value of $1,508,636.16. Following the completion of the transaction, the insider now directly owns 128,542 shares of the company’s stock, valued at approximately $84,168,016.18. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Joshua Isner sold 1,291 shares of Axon Enterprise stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total transaction of $829,377.13. Following the sale, the president now directly owns 181,892 shares in the company, valued at approximately $116,852,877.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,711 shares of company stock worth $5,631,561. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Down 1.3 %

Shares of AXON stock opened at $669.26 on Wednesday. The stock has a 50 day simple moving average of $624.25 and a 200-day simple moving average of $501.43. Axon Enterprise, Inc. has a 1-year low of $255.68 and a 1-year high of $698.67. The company has a market cap of $51.03 billion, a price-to-earnings ratio of 172.94, a PEG ratio of 6.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.