Kennedy Capital Management LLC Makes New Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Kennedy Capital Management LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 356 shares of the biotechnology company’s stock, valued at approximately $212,000.

Several other institutional investors have also made changes to their positions in the business. Friedenthal Financial boosted its holdings in Axon Enterprise by 961.7% during the fourth quarter. Friedenthal Financial now owns 1,359 shares of the biotechnology company’s stock valued at $808,000 after purchasing an additional 1,231 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Axon Enterprise by 33.1% during the 3rd quarter. Principal Financial Group Inc. now owns 136,302 shares of the biotechnology company’s stock valued at $54,466,000 after purchasing an additional 33,869 shares during the last quarter. Artemis Investment Management LLP boosted its position in Axon Enterprise by 21.4% in the fourth quarter. Artemis Investment Management LLP now owns 95,113 shares of the biotechnology company’s stock valued at $56,528,000 after buying an additional 16,792 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Axon Enterprise during the 4th quarter worth approximately $2,985,000. Finally, MRA Advisory Group raised its position in Axon Enterprise by 64.4% in the 4th quarter. MRA Advisory Group now owns 3,205 shares of the biotechnology company’s stock valued at $1,905,000 after purchasing an additional 1,255 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

Axon Enterprise Price Performance

Shares of Axon Enterprise stock opened at $578.42 on Wednesday. The business’s 50 day simple moving average is $562.98 and its two-hundred day simple moving average is $563.07. 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 stock has a market capitalization of $44.32 billion, a P/E ratio of 149.46, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Wall Street Analyst Weigh In

A number of research analysts have commented on AXON shares. TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $626.45.

About Axon Enterprise

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.