Allianz Asset Management GmbH lifted its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 160,730 shares of the industrial products company’s stock after acquiring an additional 4,315 shares during the period. Allianz Asset Management GmbH owned 0.30% of Axon Enterprise worth $6,318,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in AAXN. Amalgamated Bank acquired a new stake in Axon Enterprise in the fourth quarter worth about $203,000. Meadow Creek Investment Management LLC lifted its holdings in Axon Enterprise by 29.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 8,288 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 1,876 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Axon Enterprise in the first quarter worth about $223,000. Financial Advocates Investment Management acquired a new stake in Axon Enterprise in the fourth quarter worth about $229,000. Finally, Millennium Management LLC acquired a new stake in Axon Enterprise in the fourth quarter worth about $377,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
In other Axon Enterprise news, CEO Patrick W. Smith sold 300,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $53.00, for a total value of $15,900,000.00. Following the completion of the sale, the chief executive officer now directly owns 862,684 shares of the company’s stock, valued at approximately $45,722,252. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.
Shares of Axon Enterprise opened at $67.65 on Friday, according to MarketBeat.com. Axon Enterprise Inc has a twelve month low of $20.57 and a twelve month high of $71.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.68. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 250.56, a price-to-earnings-growth ratio of 5.02 and a beta of 0.88.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.20. Axon Enterprise had a net margin of 3.88% and a return on equity of 13.07%. The company had revenue of $101.20 million during the quarter, compared to the consensus estimate of $91.28 million. During the same period in the prior year, the company earned $0.07 EPS. Axon Enterprise’s revenue was up 27.8% on a year-over-year basis. equities research analysts forecast that Axon Enterprise Inc will post 0.55 EPS for the current year.
Several equities research analysts recently weighed in on AAXN shares. JPMorgan Chase & Co. downgraded shares of Axon Enterprise from an “overweight” rating to a “neutral” rating and set a $66.00 price objective for the company. in a report on Thursday, June 7th. William Blair started coverage on shares of Axon Enterprise in a report on Tuesday, May 29th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Friday, March 2nd. BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $38.00 price objective (up previously from $25.00) on shares of Axon Enterprise in a report on Tuesday, March 20th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Axon Enterprise currently has an average rating of “Buy” and an average target price of $49.14.
About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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