Geode Capital Management LLC Increases Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Geode Capital Management LLC grew its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,847,925 shares of the biotechnology company’s stock after acquiring an additional 65,097 shares during the period. Geode Capital Management LLC’s holdings in Axon Enterprise were worth $1,095,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in Axon Enterprise during the third quarter valued at $84,000. Townsquare Capital LLC bought a new position in shares of Axon Enterprise during the third quarter valued at $261,000. Public Sector Pension Investment Board boosted its stake in Axon Enterprise by 19.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock worth $1,240,000 after purchasing an additional 500 shares in the last quarter. Martingale Asset Management L P bought a new stake in Axon Enterprise during the 3rd quarter valued at about $252,000. Finally, Captrust Financial Advisors raised its holdings in Axon Enterprise by 2.6% in the third quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company’s stock worth $4,958,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Up 2.9 %

Shares of AXON stock opened at $541.20 on Wednesday. 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 company has a market cap of $41.47 billion, a price-to-earnings ratio of 139.85, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The firm has a fifty day moving average price of $586.98 and a 200-day moving average price of $552.75.

Insider Buying and Selling at Axon Enterprise

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

Analyst Ratings Changes

A number of research firms have recently commented on AXON. TD Cowen started coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target 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.