Axon Enterprise, Inc (NASDAQ:AXON) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 1,475.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,585 shares of the biotechnology company's stock after buying an additional 9,913 shares during the period. Teacher Retirement System of Texas' holdings in Axon Enterprise were worth $5,567,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in shares of Axon Enterprise during the 4th quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Axon Enterprise by 132.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Axon Enterprise during the 1st quarter valued at $40,000. Elequin Capital LP purchased a new stake in Axon Enterprise during the 4th quarter valued at $46,000. Finally, CoreFirst Bank & Trust purchased a new stake in Axon Enterprise during the 4th quarter valued at $59,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Joshua Isner sold 9,905 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $738.03, for a total transaction of $7,310,187.15. Following the completion of the transaction, the president directly owned 298,809 shares of the company's stock, valued at $220,530,006.27. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brittany Bagley sold 3,400 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $700.00, for a total transaction of $2,380,000.00. Following the transaction, the chief financial officer directly owned 131,833 shares of the company's stock, valued at approximately $92,283,100. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,642 shares of company stock worth $30,500,428. 5.70% of the stock is currently owned by corporate insiders.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON traded up $6.68 during trading on Monday, hitting $802.16. The stock had a trading volume of 452,752 shares, compared to its average volume of 707,022. Axon Enterprise, Inc has a 12-month low of $279.02 and a 12-month high of $830.21. The stock has a market capitalization of $62.45 billion, a price-to-earnings ratio of 193.76, a price-to-earnings-growth ratio of 91.57 and a beta of 1.29. The company has a quick ratio of 2.62, a current ratio of 2.83 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $736.97 and a two-hundred day simple moving average of $636.11.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its earnings results on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $603.63 million during the quarter, compared to analyst estimates of $585.67 million. Axon Enterprise had a net margin of 14.86% and a return on equity of 5.81%. The business's quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. On average, equities research analysts expect that Axon Enterprise, Inc will post 5.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Needham & Company LLC increased their target price on Axon Enterprise from $600.00 to $750.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. The Goldman Sachs Group increased their price target on Axon Enterprise from $730.00 to $830.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Bank of America raised their price objective on Axon Enterprise from $750.00 to $895.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays increased their price target on Axon Enterprise from $726.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $699.55.

About Axon Enterprise

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.