Nomura Asset Management Co. Ltd. Increases Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Nomura Asset Management Co. Ltd. increased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 277.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 79,606 shares of the biotechnology company’s stock after acquiring an additional 58,502 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Axon Enterprise were worth $47,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AXON. Prestige Wealth Management Group LLC increased its holdings in shares of Axon Enterprise by 115.8% in the third 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. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise during the fourth quarter worth about $40,000. Brooklyn Investment Group bought a new position in Axon Enterprise in the 3rd quarter worth about $41,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at about $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise during the fourth quarter worth about $53,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AXON shares. TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Robert W. Baird lifted their price target on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $604.67.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were 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 of the company’s stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Price Performance

Shares of Axon Enterprise stock opened at $534.95 on Friday. 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. The business’s 50 day simple moving average is $589.62 and its two-hundred day simple moving average is $547.97. The stock has a market capitalization of $40.99 billion, a P/E ratio of 138.23, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12.

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.