Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,474 shares of the biotechnology company’s stock after buying an additional 34 shares during the period. King Luther Capital Management Corp’s holdings in Axon Enterprise were worth $4,185,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after acquiring an additional 79 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Axon Enterprise by 1,875.0% during the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of Axon Enterprise in the second quarter worth about $47,000. Planning Capital Management Corp raised its holdings in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after buying an additional 55 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $51,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Julie A. Cullivan sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $353.53, for a total value of $318,177.00. Following the sale, the director now owns 3,653 shares of the company’s stock, valued at approximately $1,291,445.09. This trade represents a 19.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $356.53, for a total value of $26,739,750.00. Following the transaction, the chief executive officer now owns 2,970,366 shares of the company’s stock, valued at $1,059,024,589.98. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 330,256 shares of company stock worth $131,338,820 over the last ninety days. 6.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on AXON shares. Craig Hallum increased their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Needham & Company LLC upped their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JMP Securities raised their target price on Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price target on Axon Enterprise from $381.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $427.83.

Axon Enterprise Trading Up 0.9 %

NASDAQ:AXON opened at $636.95 on Friday. Axon Enterprise, Inc. has a 52 week low of $224.28 and a 52 week high of $641.20. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a market cap of $48.57 billion, a PE ratio of 164.59, a P/E/G ratio of 18.26 and a beta of 0.94. The business’s 50 day moving average is $458.43 and its two-hundred day moving average is $365.54.

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.