Mizuho Securities USA LLC Has $4.08 Million Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Mizuho Securities USA LLC lifted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 47.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,866 shares of the biotechnology company’s stock after purchasing an additional 2,210 shares during the quarter. Mizuho Securities USA LLC’s holdings in Axon Enterprise were worth $4,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its holdings in shares of Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $40,000. Brooklyn Investment Group purchased a new position in shares of Axon Enterprise during the third quarter valued at $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $53,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the sale, the director now owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Axon Enterprise Stock Performance

AXON opened at $560.00 on Monday. The company has a market cap of $42.91 billion, a PE ratio of 144.70, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The stock has a 50-day moving average of $591.90 and a 200-day moving average of $543.57. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Analyst Ratings Changes

AXON has been the topic of a number of research analyst reports. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Robert W. Baird boosted their target price on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Barclays restated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

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.