Point72 Hong Kong Ltd bought a new stake in Axon Enterprise, Inc. (NASDAQ:AXON – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 7,404 shares of the biotechnology company’s stock, valued at approximately $2,959,000.
Several other institutional investors have also recently bought and sold shares of AXON. CIBC Asset Management Inc lifted its holdings in shares of Axon Enterprise by 9.2% during the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock worth $4,227,000 after buying an additional 895 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in Axon Enterprise in the 3rd quarter worth $221,000. Sequoia Financial Advisors LLC increased its holdings in shares of Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock worth $690,000 after purchasing an additional 81 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Axon Enterprise during the third quarter valued at about $814,000. Finally, Soros Capital Management LLC bought a new stake in shares of Axon Enterprise in the third quarter valued at about $630,000. Institutional investors own 79.08% of the company’s stock.
Axon Enterprise Stock Up 1.9 %
NASDAQ AXON opened at $646.96 on Monday. The stock’s 50 day simple moving average is $488.25 and its 200 day simple moving average is $379.59. Axon Enterprise, Inc. has a one year low of $224.28 and a one year high of $652.22. The firm has a market cap of $49.33 billion, a PE ratio of 167.17, a price-to-earnings-growth ratio of 14.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AXON. Craig Hallum boosted their price target on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Robert W. Baird upped their target price on Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Northland Securities lifted their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JMP Securities upped their target price on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $427.83.
View Our Latest Analysis on Axon Enterprise
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.
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