New York State Teachers Retirement System Sells 3,363 Shares of Axon Enterprise, Inc $AXON

New York State Teachers Retirement System trimmed its stake in Axon Enterprise, Inc (NASDAQ:AXON) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,253 shares of the biotechnology company’s stock after selling 3,363 shares during the period. New York State Teachers Retirement System’s holdings in Axon Enterprise were worth $33,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXON. Brighton Jones LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $480,000. NewEdge Advisors LLC raised its holdings in shares of Axon Enterprise by 41.1% in the first quarter. NewEdge Advisors LLC now owns 2,294 shares of the biotechnology company’s stock worth $1,207,000 after buying an additional 668 shares during the period. Empowered Funds LLC raised its holdings in shares of Axon Enterprise by 8.4% in the first quarter. Empowered Funds LLC now owns 2,028 shares of the biotechnology company’s stock worth $1,067,000 after buying an additional 157 shares during the period. Woodline Partners LP raised its holdings in shares of Axon Enterprise by 40.6% in the first quarter. Woodline Partners LP now owns 6,932 shares of the biotechnology company’s stock worth $3,646,000 after buying an additional 2,003 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Axon Enterprise in the second quarter worth approximately $284,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AXON. Weiss Ratings downgraded Axon Enterprise from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 10th. Needham & Company LLC reduced their price target on Axon Enterprise from $870.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, February 20th. UBS Group reduced their price target on Axon Enterprise from $610.00 to $570.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. TD Cowen reduced their price target on Axon Enterprise from $950.00 to $825.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Citigroup reiterated a “buy” rating on shares of Axon Enterprise in a report on Wednesday, February 25th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise has an average rating of “Moderate Buy” and a consensus target price of $749.63.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Erika Nardini sold 198 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $506.58, for a total transaction of $100,302.84. Following the transaction, the director directly owned 1,946 shares in the company, valued at $985,804.68. This trade represents a 9.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer H. Mak sold 1,500 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $573.45, for a total value of $860,175.00. Following the transaction, the chief accounting officer owned 12,240 shares in the company, valued at $7,019,028. The trade was a 10.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,855 shares of company stock worth $7,109,828 over the last three months. Corporate insiders own 4.40% of the company’s stock.

Axon Enterprise Trading Up 0.1%

AXON opened at $402.31 on Friday. The stock’s fifty day moving average is $454.05 and its two-hundred day moving average is $535.39. The company has a market capitalization of $32.41 billion, a P/E ratio of 264.68, a PEG ratio of 8.57 and a beta of 1.61. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $885.91. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Tuesday, February 24th. The biotechnology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.60 by $0.55. The company had revenue of $796.72 million for the quarter, compared to the consensus estimate of $755.29 million. Axon Enterprise had a return on equity of 2.82% and a net margin of 4.48%.Axon Enterprise’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the business posted $2.08 EPS. Analysts forecast that Axon Enterprise, Inc will post 1.41 earnings per share for the current year.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.