Artisan Partners Limited Partnership Buys New Shares in Axon Enterprise, Inc. (NASDAQ:AXON)

Artisan Partners Limited Partnership purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,097 shares of the biotechnology company’s stock, valued at approximately $46,415,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd bought a new position in Axon Enterprise in the fourth quarter worth approximately $45,000. Prestige Wealth Management Group LLC grew its stake in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after acquiring an additional 40 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeri Williams sold 307 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AXON shares. The Goldman Sachs Group lifted their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Robert W. Baird lifted their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Barclays reissued a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $604.67.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $534.95 on Friday. The firm has a market capitalization of $40.99 billion, a P/E ratio of 138.23, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. 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 business’s fifty day simple moving average is $589.62 and its 200 day simple moving average is $547.97. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99.

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.