Mason Street Advisors LLC grew its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,712 shares of the industrial products company’s stock after buying an additional 950 shares during the quarter. Mason Street Advisors LLC’s holdings in Axon Enterprise were worth $578,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Axon Enterprise during the first quarter worth approximately $223,000. Amalgamated Bank purchased a new stake in Axon Enterprise during the fourth quarter worth approximately $203,000. Meadow Creek Investment Management LLC grew its stake in Axon Enterprise by 29.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,288 shares of the industrial products company’s stock worth $220,000 after buying an additional 1,876 shares during the period. Financial Advocates Investment Management purchased a new stake in Axon Enterprise during the fourth quarter worth approximately $229,000. Finally, Roundview Capital LLC purchased a new stake in Axon Enterprise during the fourth quarter worth approximately $248,000. Institutional investors own 93.37% of the company’s stock.
Several research firms have issued reports on AAXN. Sidoti downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Monday, March 5th. They noted that the move was a valuation call. Imperial Capital restated an “in-line” rating and issued a $38.00 target price (up from $25.00) on shares of Axon Enterprise in a research note on Tuesday, March 20th. TheStreet upgraded shares of Axon Enterprise from a “c” rating to a “b-” rating in a research note on Tuesday, May 8th. LADENBURG THALM/SH SH restated a “buy” rating and issued a $54.00 target price on shares of Axon Enterprise in a research note on Wednesday, May 9th. Finally, JPMorgan Chase & Co. downgraded shares of Axon Enterprise from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research note on Thursday, June 7th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.14.
In other Axon Enterprise news, CEO Patrick W. Smith sold 300,000 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $53.00, for a total transaction of $15,900,000.00. Following the sale, the chief executive officer now directly owns 862,684 shares of the company’s stock, valued at $45,722,252. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:AAXN opened at $65.28 on Wednesday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 241.78, a price-to-earnings-growth ratio of 4.79 and a beta of 0.88. Axon Enterprise Inc has a 1-year low of $20.57 and a 1-year high of $69.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 2.01.
Axon Enterprise (NASDAQ:AAXN) last issued its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.20. The company had revenue of $101.20 million for the quarter, compared to analysts’ expectations of $91.28 million. Axon Enterprise had a net margin of 3.88% and a return on equity of 13.07%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. equities research analysts anticipate that Axon Enterprise Inc will post 0.55 EPS for the current year.
Axon Enterprise Profile
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.
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