NZS Capital LLC Lowers Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

NZS Capital LLC decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,267 shares of the biotechnology company's stock after selling 47,806 shares during the quarter. NZS Capital LLC owned about 0.05% of Axon Enterprise worth $22,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXON. Wilmington Savings Fund Society FSB acquired a new position in Axon Enterprise during the 3rd quarter worth about $759,000. Tidal Investments LLC boosted its stake in shares of Axon Enterprise by 13.8% in the third quarter. Tidal Investments LLC now owns 3,250 shares of the biotechnology company's stock valued at $1,299,000 after purchasing an additional 394 shares during the period. Denver PWM LLC boosted its stake in shares of Axon Enterprise by 69.7% in the third quarter. Denver PWM LLC now owns 414 shares of the biotechnology company's stock valued at $165,000 after purchasing an additional 170 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Axon Enterprise in the third quarter valued at approximately $1,522,000. Finally, Brass Tax Wealth Management Inc. purchased a new position in shares of Axon Enterprise in the third quarter valued at approximately $240,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction on Monday, April 21st. The shares were sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the transaction, the chief executive officer now owns 3,063,982 shares in the company, valued at approximately $1,657,583,622.18. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Axon Enterprise Stock Performance

Shares of AXON traded up $7.80 during mid-day trading on Thursday, reaching $621.10. 449,804 shares of the company's stock were exchanged, compared to its average volume of 761,496. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $48.35 billion, a PE ratio of 160.49, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The business's fifty day simple moving average is $549.12 and its 200-day simple moving average is $574.38. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99.

Wall Street Analyst Weigh In

Several research firms have recently commented on AXON. The Goldman Sachs Group raised their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of "Moderate Buy" and an average target price of $626.45.

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.