Cortina Asset Management LLC raised its position in shares of TASER International, Inc. (NASDAQ:AAXN) by 48.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,681 shares of the industrial products company’s stock after buying an additional 106,282 shares during the quarter. Cortina Asset Management LLC owned about 0.62% of TASER International worth $7,383,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAXN. FMR LLC acquired a new stake in shares of TASER International during the 2nd quarter worth approximately $198,826,000. BlackRock Inc. acquired a new stake in shares of TASER International during the 2nd quarter worth approximately $189,870,000. Vanguard Group Inc. acquired a new stake in shares of TASER International during the 2nd quarter worth approximately $92,258,000. Villere ST Denis J & Co. LLC acquired a new stake in TASER International in the 2nd quarter valued at approximately $87,861,000. Finally, Abdiel Capital Advisors LP acquired a new stake in TASER International in the 2nd quarter valued at approximately $73,860,000. Hedge funds and other institutional investors own 95.76% of the company’s stock.
Shares of TASER International, Inc. (NASDAQ:AAXN) traded up $0.33 during trading hours on Thursday, hitting $24.33. The company had a trading volume of 538,410 shares, compared to its average volume of 792,051. TASER International, Inc. has a twelve month low of $20.57 and a twelve month high of $28.17. The stock has a market capitalization of $1,290.00, a price-to-earnings ratio of 100.38, a price-to-earnings-growth ratio of 5.67 and a beta of 1.19.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). TASER International had a return on equity of 7.91% and a net margin of 4.32%. The firm had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $82.89 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. TASER International’s revenue was up 25.6% on a year-over-year basis. equities analysts anticipate that TASER International, Inc. will post 0.17 EPS for the current year.
A number of brokerages have issued reports on AAXN. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of TASER International in a research note on Wednesday, November 8th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Dougherty & Co reduced their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Finally, BidaskClub lowered TASER International from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. TASER International has an average rating of “Hold” and an average price target of $28.50.
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About TASER International
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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