Andrew Hill Investment Advisors Inc. Has $2.54 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Andrew Hill Investment Advisors Inc. grew its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 6.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,269 shares of the biotechnology company’s stock after buying an additional 254 shares during the quarter. Axon Enterprise accounts for 1.9% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 25th biggest position. Andrew Hill Investment Advisors Inc.’s holdings in Axon Enterprise were worth $2,537,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Kennedy Capital Management LLC bought a new stake in shares of Axon Enterprise in the fourth quarter worth $212,000. Treasurer of the State of North Carolina raised its position in Axon Enterprise by 2.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,991 shares of the biotechnology company’s stock worth $19,607,000 after acquiring an additional 714 shares in the last quarter. Capital Fund Management S.A. raised its position in Axon Enterprise by 126.5% during the fourth quarter. Capital Fund Management S.A. now owns 107,133 shares of the biotechnology company’s stock worth $63,671,000 after acquiring an additional 59,824 shares in the last quarter. Scotia Capital Inc. bought a new stake in Axon Enterprise during the fourth quarter worth $281,000. Finally, Phoenix Financial Ltd. bought a new stake in Axon Enterprise during the fourth quarter worth $265,000. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $559.84 on Thursday. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a market cap of $42.90 billion, a P/E ratio of 144.66, a PEG ratio of 5.17 and a beta of 1.13. The company has a fifty day simple moving average of $571.11 and a 200 day simple moving average of $558.24. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

Wall Street Analysts Forecast Growth

AXON has been the topic of several analyst reports. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Needham & Company LLC restated a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. TD Cowen initiated coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $604.67.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is currently owned by company insiders.

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.