Axon Enterprise, Inc. (NASDAQ:AXON) Stock Holdings Lessened by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC trimmed its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,302 shares of the biotechnology company’s stock after selling 1,462 shares during the quarter. Axon Enterprise accounts for approximately 2.8% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Motley Fool Asset Management LLC owned approximately 0.19% of Axon Enterprise worth $37,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BKM Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $32,000. Key Financial Inc lifted its holdings in Axon Enterprise by 367.6% in the fourth quarter. Key Financial Inc now owns 159 shares of the biotechnology company’s stock valued at $41,000 after acquiring an additional 125 shares during the period. Lindbrook Capital LLC lifted its holdings in Axon Enterprise by 43.3% in the fourth quarter. Lindbrook Capital LLC now owns 172 shares of the biotechnology company’s stock valued at $44,000 after acquiring an additional 52 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $48,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $83,000. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Stock Up 1.3 %

Axon Enterprise stock traded up $3.83 during mid-day trading on Thursday, hitting $306.24. 305,890 shares of the company’s stock were exchanged, compared to its average volume of 469,582. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $23.11 billion, a P/E ratio of 133.15 and a beta of 0.93. Axon Enterprise, Inc. has a 1-year low of $175.37 and a 1-year high of $329.87. The stock has a 50 day moving average of $302.78 and a two-hundred day moving average of $260.58.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.29. The business had revenue of $432.14 million for the quarter, compared to the consensus estimate of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. As a group, analysts anticipate that Axon Enterprise, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AXON. JPMorgan Chase & Co. upped their target price on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. StockNews.com downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Axon Enterprise in a research note on Wednesday. Argus assumed coverage on Axon Enterprise in a research report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price objective for the company. Finally, Barclays raised their price target on Axon Enterprise from $296.00 to $308.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.64.

Axon Enterprise Company Profile

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.