Suffolk Capital Management LLC Has $831,000 Stake in Axon Enterprise Inc (NASDAQ:AAXN)

Suffolk Capital Management LLC decreased its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 48.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,347 shares of the industrial products company’s stock after selling 28,979 shares during the quarter. Suffolk Capital Management LLC owned 0.06% of Axon Enterprise worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. California Public Employees Retirement System raised its position in shares of Axon Enterprise by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 140,100 shares of the industrial products company’s stock valued at $3,713,000 after buying an additional 2,300 shares in the last quarter. Bridge City Capital LLC raised its position in shares of Axon Enterprise by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock valued at $686,000 after buying an additional 2,423 shares in the last quarter. Rhumbline Advisers raised its position in shares of Axon Enterprise by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 110,436 shares of the industrial products company’s stock valued at $2,504,000 after buying an additional 3,100 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Axon Enterprise by 58.0% in the 3rd quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after buying an additional 3,124 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its position in shares of Axon Enterprise by 13.5% in the 4th quarter. Texas Yale Capital Corp. now owns 33,205 shares of the industrial products company’s stock valued at $880,000 after buying an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

Axon Enterprise Inc (AAXN) traded up $0.39 on Friday, reaching $28.58. 316,648 shares of the company’s stock were exchanged, compared to its average volume of 583,423. Axon Enterprise Inc has a 52-week low of $20.57 and a 52-week high of $29.00. The company has a market cap of $1,530.00, a price-to-earnings ratio of 114.32, a price-to-earnings-growth ratio of 4.03 and a beta of 1.23.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Dougherty & Co decreased their price target on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Oppenheimer reaffirmed a “hold” rating on shares of Axon Enterprise in a report on Friday, November 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.20.

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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.

Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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