Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,638 shares of the biotechnology company's stock after selling 28,352 shares during the period. California Public Employees Retirement System owned approximately 0.14% of Axon Enterprise worth $27,031,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AXON. BKM Wealth Management LLC bought a new position in Axon Enterprise during the 4th quarter valued at about $32,000. Key Financial Inc lifted its stake in Axon Enterprise by 367.6% during the 4th quarter. Key Financial Inc now owns 159 shares of the biotechnology company's stock valued at $41,000 after acquiring an additional 125 shares during the period. Lindbrook Capital LLC lifted its stake in Axon Enterprise by 43.3% during the 4th quarter. Lindbrook Capital LLC now owns 172 shares of the biotechnology company's stock valued at $44,000 after acquiring an additional 52 shares during the period. Rakuten Securities Inc. bought a new position in Axon Enterprise during the 4th quarter valued at about $48,000. Finally, Provence Wealth Management Group bought a new position in Axon Enterprise during the 3rd quarter valued at about $80,000. Institutional investors own 79.08% of the company's stock.

Axon Enterprise Stock Performance

Axon Enterprise stock traded up $1.99 during midday trading on Friday, hitting $308.23. The stock had a trading volume of 300,741 shares, compared to its average volume of 413,361. The firm's fifty day moving average is $304.22 and its two-hundred day moving average is $262.21. The company has a market capitalization of $23.26 billion, a PE ratio of 134.01 and a beta of 0.93. Axon Enterprise, Inc. has a 52-week low of $175.37 and a 52-week high of $329.87. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.29. The company had revenue of $432.14 million during the quarter, compared to analyst estimates of $418.97 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. On average, research analysts forecast that Axon Enterprise, Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

AXON has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. StockNews.com lowered shares of Axon Enterprise from a "buy" rating to a "hold" rating in a research report on Thursday, March 14th. Robert W. Baird upped their price target on shares of Axon Enterprise from $260.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. TheStreet lowered shares of Axon Enterprise from a "b" rating to a "c+" rating in a research report on Tuesday, February 27th. Finally, Barclays upped their price target on shares of Axon Enterprise from $296.00 to $308.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $314.91.

Axon Enterprise 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.