Strategy Asset Managers LLC Has $675,000 Stock Holdings in Axon Enterprise, Inc (NASDAQ:AXON)

Key Points

• Strategy Asset Managers LLC significantly increased its holdings in Axon Enterprise, raising its position by 245.8% in the first quarter, now owning 1,283 shares valued at approximately $675,000.
• Several other hedge funds have also boosted their investments in Axon, with Vanguard Group Inc owning the largest stake at 8,632,008 shares, valued at around $4.54 billion.
• Recent analyst reports have upgraded Axon Enterprise's stock ratings, with price targets set from $735.00 to $900.00, indicating strong market confidence in the company's performance.

Strategy Asset Managers LLC increased its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 245.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,283 shares of the biotechnology company's stock after purchasing an additional 912 shares during the quarter. Strategy Asset Managers LLC's holdings in Axon Enterprise were worth $675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its holdings in shares of Axon Enterprise by 75.0% in the 1st quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company's stock valued at $29,000 after purchasing an additional 24 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Axon Enterprise by 132.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Axon Enterprise during the 1st quarter valued at approximately $32,000. Finally, Alpine Bank Wealth Management purchased a new stake in Axon Enterprise during the 1st quarter valued at approximately $40,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley set a $885.00 price target on Axon Enterprise and gave the company an "overweight" rating in a research note on Friday, July 11th. UBS Group restated a "neutral" rating and issued a $840.00 price target (up previously from $820.00) on shares of Axon Enterprise in a report on Tuesday. Wolfe Research began coverage on Axon Enterprise in a report on Monday, July 7th. They issued an "outperform" rating on the stock. Craig Hallum upgraded Axon Enterprise from a "hold" rating to a "buy" rating and set a $900.00 price target on the stock in a report on Tuesday. Finally, Northland Securities set a $800.00 target price on Axon Enterprise in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $837.69.

Insider Activity at Axon Enterprise

In related news, Director Michael Garnreiter sold 5,913 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $760.00, for a total transaction of $4,493,880.00. Following the sale, the director owned 17,740 shares of the company's stock, valued at $13,482,400. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Cameron Brooks sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $740.76, for a total value of $2,222,280.00. Following the sale, the executive directly owned 19,447 shares in the company, valued at approximately $14,405,559.72. The trade was a 13.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,642 shares of company stock valued at $25,090,528. Company insiders own 4.40% of the company's stock.

Axon Enterprise Stock Down 3.3%

NASDAQ:AXON traded down $28.47 during mid-day trading on Friday, reaching $842.50. The stock had a trading volume of 667,201 shares, compared to its average volume of 731,927. The company has a market capitalization of $66.14 billion, a price-to-earnings ratio of 208.02, a price-to-earnings-growth ratio of 96.51 and a beta of 1.36. Axon Enterprise, Inc has a 1-year low of $346.71 and a 1-year high of $885.91. The stock's 50 day simple moving average is $774.27 and its two-hundred day simple moving average is $664.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.95 and a quick ratio of 2.62.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last issued its earnings results on Monday, August 4th. The biotechnology company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.58. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%. The company had revenue of $668.54 million during the quarter, compared to the consensus estimate of $641.77 million. During the same period in the previous year, the firm posted $1.20 earnings per share. Axon Enterprise's quarterly revenue was up 32.6% compared to the same quarter last year. Equities analysts anticipate that Axon Enterprise, Inc will post 5.8 EPS for the current year.

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.