California State Teachers Retirement System Sells 7,997 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

California State Teachers Retirement System lowered its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 113,648 shares of the biotechnology company’s stock after selling 7,997 shares during the period. California State Teachers Retirement System’s holdings in Axon Enterprise were worth $67,543,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in Axon Enterprise in the fourth quarter valued at about $30,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter valued at $40,000. Y.D. More Investments Ltd bought a new stake in Axon Enterprise during the 4th quarter worth $45,000. Elequin Capital LP acquired a new position in Axon Enterprise in the 4th quarter worth about $46,000. Finally, Stonebridge Financial Group LLC bought a new position in Axon Enterprise in the 4th quarter valued at approximately $53,000. 79.08% of the stock is owned by institutional investors.

Insider Activity at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 1,300 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $738.84, for a total transaction of $960,492.00. Following the completion of the transaction, the director now owns 4,829 shares in the company, valued at approximately $3,567,858.36. This represents a 21.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the sale, the chief executive officer now owns 3,063,982 shares of the company’s stock, valued at approximately $1,657,583,622.18. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,064 shares of company stock valued at $15,817,127. 4.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of Axon Enterprise from $600.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. The Goldman Sachs Group raised their price objective on Axon Enterprise from $730.00 to $830.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, Barclays increased their price target on Axon Enterprise from $726.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Axon Enterprise has an average rating of “Moderate Buy” and a consensus price target of $652.73.

Axon Enterprise Stock Up 0.1%

Shares of NASDAQ:AXON opened at $742.75 on Wednesday. The firm has a market cap of $57.82 billion, a P/E ratio of 191.93, a PEG ratio of 5.17 and a beta of 1.24. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $744.51. The business’s 50 day simple moving average is $592.46 and its two-hundred day simple moving average is $598.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Axon Enterprise (NASDAQ:AXON) last posted its earnings results on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $603.63 million for the quarter, compared to analyst estimates of $585.67 million. Axon Enterprise had a net margin of 15.37% and a return on equity of 7.50%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. As a group, research analysts forecast that Axon Enterprise, Inc. will post 5.8 EPS for the current fiscal year.

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.