TD Asset Management Inc Buys 577 Shares of Axon Enterprise, Inc $AXON

Key Points

• TD Asset Management Inc increased its stake in Axon Enterprise, Inc by 1.7% during the second quarter, bringing its total shares to 34,655, worth approximately $28.69 million.
• Axon Enterprise reported $2.12 EPS for the last quarter, exceeding analysts' expectations of $1.54 by $0.58, and its revenue grew by 32.6% year-over-year.
• Analysts maintain a "Moderate Buy" average rating for Axon Enterprise, with several research firms setting price targets ranging from $841.64 to $1,000.00.

TD Asset Management Inc increased its stake in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,655 shares of the biotechnology company's stock after acquiring an additional 577 shares during the period. TD Asset Management Inc's holdings in Axon Enterprise were worth $28,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hemington Wealth Management lifted its stake in shares of Axon Enterprise by 70.8% in the 2nd quarter. Hemington Wealth Management now owns 41 shares of the biotechnology company's stock valued at $33,000 after acquiring an additional 17 shares during the last quarter. TCTC Holdings LLC lifted its stake 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 acquiring an additional 24 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake 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 acquiring an additional 33 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Axon Enterprise in the 1st quarter valued at about $32,000. Finally, Banque Transatlantique SA bought a new position in Axon Enterprise during the 1st quarter valued at approximately $31,000. Institutional investors own 79.08% of the company's stock.

Axon Enterprise Stock Up 1.1%

AXON stock opened at $652.17 on Friday. Axon Enterprise, Inc has a fifty-two week low of $422.38 and a fifty-two week high of $885.91. The business's 50 day moving average price is $742.88 and its two-hundred day moving average price is $716.37. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.71 and a current ratio of 2.95. The company has a market capitalization of $51.20 billion, a price-to-earnings ratio of 161.03, a price-to-earnings-growth ratio of 25.05 and a beta of 1.41.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its earnings results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, topping 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 firm had revenue of $668.54 million for the quarter, compared to the consensus estimate of $641.77 million. During the same quarter in the prior year, the business earned $1.20 EPS. The business's revenue for the quarter was up 32.6% on a year-over-year basis. Axon Enterprise has set its FY 2025 guidance at EPS. As a group, analysts forecast that Axon Enterprise, Inc will post 5.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on AXON. Piper Sandler began coverage on Axon Enterprise in a research report on Tuesday, September 23rd. They set an "overweight" rating and a $893.00 price target for the company. Craig Hallum raised Axon Enterprise from a "hold" rating to a "buy" rating and set a $900.00 price target for the company in a research report on Tuesday, August 5th. Wolfe Research began coverage on Axon Enterprise in a research report on Monday, July 7th. They set an "outperform" rating for the company. Bank of America upped their price target on Axon Enterprise from $895.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Axon Enterprise in a research report on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $841.64.

Insider Buying and Selling

In related news, CFO Brittany Bagley sold 5,000 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $713.88, for a total value of $3,569,400.00. Following the sale, the chief financial officer owned 93,592 shares in the company, valued at $66,813,456.96. This represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeri Williams sold 100 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $752.54, for a total value of $75,254.00. Following the completion of the sale, the director owned 1,416 shares in the company, valued at $1,065,596.64. The trade was a 6.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,932 shares of company stock worth $45,115,616 over the last three months. Corporate insiders own 4.40% of the company's stock.

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.

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