WCM Investment Management LLC Purchases Shares of 5,779 Axon Enterprise, Inc. (NASDAQ:AXON)

WCM Investment Management LLC bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,779 shares of the biotechnology company's stock, valued at approximately $1,494,000.

A number of other large investors also recently bought and sold shares of the company. Simplicity Solutions LLC increased its position in Axon Enterprise by 15.5% in the 4th quarter. Simplicity Solutions LLC now owns 1,587 shares of the biotechnology company's stock valued at $410,000 after acquiring an additional 213 shares during the period. Wealthspan Partners LLC acquired a new position in shares of Axon Enterprise during the 4th quarter valued at $238,000. Cerity Partners LLC increased its position in shares of Axon Enterprise by 12.0% during the 4th quarter. Cerity Partners LLC now owns 8,405 shares of the biotechnology company's stock valued at $2,171,000 after purchasing an additional 901 shares during the period. Leeward Financial Partners LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth $225,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth $279,000. Institutional investors own 79.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Needham & Company LLC raised their price objective on Axon Enterprise from $315.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Argus started coverage on Axon Enterprise in a report on Wednesday, March 13th. They set a "buy" rating and a $380.00 price objective for the company. Morgan Stanley increased their price objective on Axon Enterprise from $250.00 to $285.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price objective on Axon Enterprise from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Barclays increased their price objective on Axon Enterprise from $296.00 to $308.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Axon Enterprise presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.64.

Axon Enterprise Price Performance

NASDAQ AXON traded down $7.50 during trading on Monday, reaching $303.31. 354,541 shares of the company traded hands, compared to its average volume of 464,761. 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 stock's 50 day moving average price is $298.34 and its two-hundred day moving average price is $256.00. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 131.87 and a beta of 0.93. 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 released its quarterly earnings data on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.29. The company had revenue of $432.14 million for 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%. As a group, analysts anticipate that Axon Enterprise, Inc. will post 2.43 EPS for the current year.

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.