Westwood Management Corp IL Cuts Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Westwood Management Corp IL decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,100 shares of the biotechnology company's stock after selling 5,200 shares during the quarter. Axon Enterprise comprises 0.5% of Westwood Management Corp IL's holdings, making the stock its 20th largest holding. Westwood Management Corp IL's holdings in Axon Enterprise were worth $1,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Axon Enterprise during the fourth quarter worth $32,000. Hollencrest Capital Management acquired a new stake in shares of Axon Enterprise in the first quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at $25,000. First Capital Advisors Group LLC. acquired a new stake in shares of Axon Enterprise in the second quarter valued at $33,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Axon Enterprise in the second quarter valued at $35,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Wall Street Analysts Forecast Growth

AXON has been the subject of a number of research reports. StockNews.com cut Axon Enterprise from a "buy" rating to a "hold" rating in a research note on Thursday, March 14th. Argus initiated coverage on Axon Enterprise in a research note on Wednesday, March 13th. They issued a "buy" rating and a $380.00 price objective for the company. JMP Securities lifted their price objective on Axon Enterprise from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 6th. Needham & Company LLC lifted their target price on Axon Enterprise from $315.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Robert W. Baird lifted their target price on Axon Enterprise from $260.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $312.64.

Axon Enterprise Stock Down 4.1 %

NASDAQ AXON traded down $13.28 during trading on Friday, reaching $310.81. 548,138 shares of the company's stock were exchanged, compared to its average volume of 466,310. The stock has a market cap of $23.45 billion, a P/E ratio of 135.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. The company has a 50 day moving average price of $297.42 and a two-hundred day moving average price of $254.37. Axon Enterprise, Inc. has a 1 year low of $175.37 and a 1 year high of $329.87.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.29. The company had revenue of $432.14 million during the quarter, compared to the consensus estimate of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. On average, equities research analysts anticipate that Axon Enterprise, Inc. will post 2.43 EPS for the current fiscal 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.