Public Employees Retirement System of Ohio Reduces Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Public Employees Retirement System of Ohio cut its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,668 shares of the biotechnology company's stock after selling 1,413 shares during the period. Public Employees Retirement System of Ohio's holdings in Axon Enterprise were worth $14,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at approximately $488,000. Geneos Wealth Management Inc. raised its position in Axon Enterprise by 630.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,847 shares of the biotechnology company's stock valued at $1,098,000 after purchasing an additional 1,594 shares during the period. Chicago Capital LLC raised its position in Axon Enterprise by 8.2% in the fourth quarter. Chicago Capital LLC now owns 23,358 shares of the biotechnology company's stock valued at $13,882,000 after purchasing an additional 1,775 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at $260,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the 4th quarter worth $525,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $730.00 to $830.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Needham & Company LLC lifted their target price on shares of Axon Enterprise from $600.00 to $750.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Barclays upped their price target on Axon Enterprise from $726.00 to $735.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $652.73.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,063,982 shares of the company's stock, valued at $1,657,583,622.18. The trade was a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeri Williams sold 307 shares of the company's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,969 shares of company stock valued at $23,127,314 over the last 90 days. 5.70% of the stock is owned by corporate insiders.

Axon Enterprise Stock Up 0.7%

Shares of Axon Enterprise stock traded up $4.92 during trading hours on Wednesday, reaching $751.00. 524,465 shares of the company were exchanged, compared to its average volume of 739,108. The firm has a market cap of $58.47 billion, a PE ratio of 194.06, a PEG ratio of 5.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $755.05. The stock's fifty day moving average is $610.27 and its 200 day moving average is $607.70.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $603.63 million for the quarter, compared to the consensus estimate of $585.67 million. Axon Enterprise had a return on equity of 7.50% and a net margin of 15.37%. Axon Enterprise's revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. As a group, equities research analysts forecast that Axon Enterprise, Inc. will post 5.8 earnings per share for the current year.

Axon Enterprise 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.