Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 69,028 shares of the biotechnology company’s stock, valued at approximately $41,025,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Axon Enterprise as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $45,000. Prestige Wealth Management Group LLC raised its holdings in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $53,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares in the company, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey C. Kunins sold 1,035 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the completion of the transaction, the insider now owns 124,243 shares of the company’s stock, valued at $77,586,026.21. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,146 shares of company stock worth $3,262,847 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of research reports. Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a report on Monday. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $587.38.

Axon Enterprise Stock Up 5.9 %

AXON opened at $557.89 on Thursday. The company has a fifty day moving average price of $595.56 and a 200-day moving average price of $532.90. The firm has a market capitalization of $42.75 billion, a P/E ratio of 144.16, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a one year low of $273.52 and a one year 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.