Great West Life Assurance Co. Can cut its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 6.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,050 shares of the industrial products company’s stock after selling 4,910 shares during the period. Great West Life Assurance Co. Can owned 0.13% of Axon Enterprise worth $1,639,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAXN. Willingdon Wealth Management raised its holdings in shares of Axon Enterprise by 37.1% in the third quarter. Willingdon Wealth Management now owns 126,707 shares of the industrial products company’s stock worth $2,872,000 after buying an additional 34,319 shares during the last quarter. Malaga Cove Capital LLC purchased a new position in shares of Axon Enterprise in the third quarter worth $866,000. Stephens Investment Management Group LLC raised its holdings in shares of Axon Enterprise by 23.1% in the third quarter. Stephens Investment Management Group LLC now owns 939,629 shares of the industrial products company’s stock worth $21,301,000 after buying an additional 176,169 shares during the last quarter. Cortina Asset Management LLC raised its holdings in shares of Axon Enterprise by 48.4% in the third quarter. Cortina Asset Management LLC now owns 325,681 shares of the industrial products company’s stock worth $7,383,000 after buying an additional 106,282 shares during the last quarter. Finally, Cipher Capital LP purchased a new position in shares of Axon Enterprise in the third quarter worth $404,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.
A number of research analysts have issued reports on the stock. BidaskClub cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a report on Wednesday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, December 21st. Dougherty & Co reduced their target price on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.20.
Axon Enterprise Inc (NASDAQ AAXN) traded up $0.34 during mid-day trading on Thursday, reaching $26.90. 601,656 shares of the company traded hands, compared to its average volume of 463,415. The firm has a market capitalization of $1,420.00, a price-to-earnings ratio of 107.60, a PEG ratio of 3.84 and a beta of 1.19. Axon Enterprise Inc has a 52 week low of $20.57 and a 52 week high of $28.17.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $90.26 million for the quarter, compared to analyst estimates of $82.89 million. Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. analysts predict that Axon Enterprise Inc will post 0.14 EPS for the current fiscal year.
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Axon Enterprise Company Profile
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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