TD Private Client Wealth LLC Raises Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

TD Private Client Wealth LLC lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 42.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,042 shares of the biotechnology company’s stock after acquiring an additional 311 shares during the period. TD Private Client Wealth LLC’s holdings in Axon Enterprise were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC lifted its holdings in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise during the fourth quarter worth approximately $40,000. Brooklyn Investment Group acquired a new position in Axon Enterprise in the third quarter valued at $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise in the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC acquired a new position in Axon Enterprise during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insiders Place Their Bets

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 $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 SEC, which is available at this link. Also, Director Jeri Williams sold 307 shares of the 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 sale, the director now owns 1,627 shares in the company, valued at $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Barclays reissued a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Axon Enterprise has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Axon Enterprise Stock Performance

Shares of AXON opened at $560.00 on Monday. The stock has a market capitalization of $42.91 billion, a PE ratio of 144.70, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The business’s fifty day moving average price is $591.90 and its 200 day moving average price is $543.57. 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 12-month low of $273.52 and a 12-month high of $715.99.

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.