Vanguard Personalized Indexing Management LLC Has $9.60 Million Position in Axon Enterprise, Inc $AXON

Key Points

• Vanguard Personalized Indexing Management LLC has increased its holdings in Axon Enterprise, Inc by 37.5%, now owning a total of 11,600 shares valued at approximately $9.6 million.
• A significant number of institutional investors are holding 79.08% of Axon’s stock, indicating strong interest from the investment community.
• Axon Enterprise reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations and reflecting a 32.6% increase in revenue compared to the previous year.

Vanguard Personalized Indexing Management LLC raised its position in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 37.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the biotechnology company's stock after acquiring an additional 3,163 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Axon Enterprise were worth $9,604,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake in Axon Enterprise by 75.0% in the first 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 Axon Enterprise by 132.0% in the first 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. Banque Transatlantique SA bought a new position in shares of Axon Enterprise in the first quarter valued at about $31,000. Catalyst Capital Advisors LLC bought a new position in shares of Axon Enterprise in the first quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Axon Enterprise in the first quarter valued at about $33,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AXON shares. Bank of America increased their price objective on shares of Axon Enterprise from $895.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wolfe Research started coverage on shares of Axon Enterprise in a research report on Monday, July 7th. They issued an "outperform" rating on the stock. Raymond James Financial reissued an "outperform" rating and issued a $855.00 price objective (up from $645.00) on shares of Axon Enterprise in a research report on Tuesday, August 5th. Craig Hallum raised shares of Axon Enterprise from a "hold" rating to a "buy" rating and set a $900.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Axon Enterprise from $730.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $841.64.

Axon Enterprise Price Performance

NASDAQ:AXON opened at $703.03 on Monday. Axon Enterprise, Inc has a 52 week low of $422.38 and a 52 week high of $885.91. The firm has a market cap of $55.19 billion, a price-to-earnings ratio of 173.59, a P/E/G ratio of 27.30 and a beta of 1.41. The firm's 50-day simple moving average is $755.57 and its 200 day simple moving average is $714.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.71 and a current ratio of 2.95.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The biotechnology company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.58. Axon Enterprise had a net margin of 13.64% and a return on equity of 6.80%. The business had revenue of $668.54 million for the quarter, compared to analyst estimates of $641.77 million. During the same period last year, the firm earned $1.20 earnings per share. Axon Enterprise's revenue for the quarter was up 32.6% compared to the same quarter last year. Axon Enterprise has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Axon Enterprise, Inc will post 5.8 earnings per share for the current year.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 7,891 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $750.10, for a total transaction of $5,919,039.10. Following the sale, the insider directly owned 144,538 shares in the company, valued at $108,417,953.80. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Joshua Isner sold 15,919 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $746.26, for a total transaction of $11,879,712.94. Following the sale, the president owned 238,379 shares in the company, valued at $177,892,712.54. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,932 shares of company stock valued at $45,115,616 in the last quarter. Company insiders own 4.40% of the company's stock.

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.

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