State of Michigan Retirement System Has $11.71 Million Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

State of Michigan Retirement System lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,700 shares of the biotechnology company’s stock after purchasing an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Axon Enterprise were worth $11,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AXON. Public Sector Pension Investment Board lifted its position in shares of 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 worth $1,240,000 after buying an additional 500 shares during the period. CIBC Asset Management Inc grew its holdings 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 worth $4,227,000 after purchasing an additional 895 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in Axon Enterprise during the 3rd quarter valued at about $814,000. Soros Capital Management LLC acquired a new position in Axon Enterprise in the third quarter valued at about $630,000. Finally, Friedenthal Financial grew its stake in Axon Enterprise by 961.7% during the fourth quarter. Friedenthal Financial now owns 1,359 shares of the biotechnology company’s stock worth $808,000 after buying an additional 1,231 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXON. The Goldman Sachs Group lifted their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Barclays set a $726.00 target price on Axon Enterprise and gave the company an “overweight” rating in a research note on Thursday, February 27th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price target on the stock. in a research note on Thursday, February 20th. Finally, Robert W. Baird lifted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and an average target price of $587.38.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey C. Kunins sold 1,370 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $639.14, for a total value of $875,621.80. Following the completion of the transaction, the insider now owns 125,950 shares in the company, valued at approximately $80,499,683. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,146 shares of company stock worth $3,262,847. 6.10% of the stock is currently owned by insiders.

Axon Enterprise Trading Up 1.3 %

Shares of Axon Enterprise stock opened at $534.96 on Thursday. The company has a 50 day simple moving average of $605.52 and a two-hundred day simple moving average of $527.52. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The firm has a market cap of $40.79 billion, a PE ratio of 138.23, a PEG ratio of 5.17 and a beta of 1.12.

Axon Enterprise 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.