HighTower Advisors LLC Has $34.24 Million Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

HighTower Advisors LLC lowered its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 6.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,775 shares of the biotechnology company’s stock after selling 6,192 shares during the quarter. HighTower Advisors LLC owned 0.11% of Axon Enterprise worth $34,242,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hilltop Holdings Inc. acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $220,000. Centiva Capital LP acquired a new position in Axon Enterprise in the third quarter valued at about $2,522,000. Benjamin Edwards Inc. bought a new stake in shares of Axon Enterprise in the third quarter worth about $1,098,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Axon Enterprise during the third quarter worth about $1,239,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Axon Enterprise during the 3rd quarter valued at about $2,959,000. Institutional investors own 79.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXON. Needham & Company LLC increased their target price on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JMP Securities increased their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $500.00 to $700.00 in a research report on Tuesday. Robert W. Baird increased their target price on Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price target on Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.33.

Insider Buying and Selling

In other Axon Enterprise news, President Joshua Isner sold 25,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $359.84, for a total transaction of $9,287,830.24. Following the transaction, the president now owns 228,166 shares of the company’s stock, valued at $82,103,253.44. The trade was a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey C. Kunins sold 8,182 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $364.86, for a total value of $2,985,284.52. Following the completion of the sale, the insider now owns 176,228 shares in the company, valued at $64,298,548.08. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,921 shares of company stock worth $63,093,907. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 0.3 %

NASDAQ:AXON opened at $689.78 on Friday. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 178.24, a price-to-earnings-growth ratio of 14.74 and a beta of 1.01. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a twelve month low of $231.83 and a twelve month high of $695.94. The stock’s 50 day moving average price is $510.40 and its two-hundred day moving average price is $389.53.

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.