Harvest Fund Management Co. Ltd Acquires 1,934 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Harvest Fund Management Co. Ltd raised its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3,792.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,985 shares of the biotechnology company’s stock after purchasing an additional 1,934 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Axon Enterprise were worth $793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AXON. CIBC Asset Management Inc grew its holdings in shares of Axon Enterprise by 9.2% during the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock valued at $4,227,000 after buying an additional 895 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Axon Enterprise during the third quarter valued at approximately $221,000. Sequoia Financial Advisors LLC grew its holdings in shares of Axon Enterprise by 4.9% during the third quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after buying an additional 81 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the third quarter valued at approximately $814,000. Finally, Jag Capital Management LLC grew its holdings in shares of Axon Enterprise by 9.7% during the third quarter. Jag Capital Management LLC now owns 56,086 shares of the biotechnology company’s stock valued at $22,412,000 after buying an additional 4,954 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey C. Kunins sold 21,834 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the sale, the insider now owns 154,394 shares in the company, valued at $91,691,508.72. This trade represents a 12.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Joshua Isner sold 20,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the sale, the president now owns 208,166 shares in the company, valued at approximately $126,179,820.90. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 260,256 shares of company stock worth $105,984,120. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JMP Securities increased their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Needham & Company LLC raised their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Craig Hallum raised their target price on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays raised their target price on shares of Axon Enterprise from $381.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $427.83.

Axon Enterprise Price Performance

NASDAQ AXON opened at $619.00 on Tuesday. Axon Enterprise, Inc. has a 12 month low of $224.28 and a 12 month high of $641.20. The stock has a market cap of $47.20 billion, a price-to-earnings ratio of 159.95, a PEG ratio of 14.02 and a beta of 0.94. The company’s 50 day moving average is $468.24 and its two-hundred day moving average is $370.65. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

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.