Teacher Retirement System of Texas purchased a new stake in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,009 shares of the industrial products company’s stock, valued at approximately $477,000.
Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in Axon Enterprise by 58.0% during the third 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 during the period. Royal Bank of Canada acquired a new position in Axon Enterprise during the second quarter valued at $200,000. Miles Capital Inc. acquired a new position in Axon Enterprise during the fourth quarter valued at $214,000. Stevens Capital Management LP purchased a new position in Axon Enterprise in the third quarter valued at about $215,000. Finally, Cipher Capital LP purchased a new position in Axon Enterprise in the third quarter valued at about $404,000. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CRO Joshua Isner sold 9,301 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $36.34, for a total transaction of $337,998.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Luke Larson sold 36,105 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $36.62, for a total value of $1,322,165.10. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Shares of AAXN traded down $1.02 during trading hours on Friday, hitting $41.84. 967,039 shares of the company were exchanged, compared to its average volume of 869,328. The company has a market cap of $2,284.74, a PE ratio of 154.96, a price-to-earnings-growth ratio of 4.44 and a beta of 0.78. Axon Enterprise Inc has a 52 week low of $20.57 and a 52 week high of $43.16.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.21. The company had revenue of $94.65 million during the quarter, compared to the consensus estimate of $87.88 million. Axon Enterprise had a return on equity of 8.17% and a net margin of 1.59%. research analysts predict that Axon Enterprise Inc will post 0.39 EPS for the current year.
A number of brokerages have commented on AAXN. Northland Securities began coverage on Axon Enterprise in a research note on Thursday, March 29th. They issued an “outperform” rating on the stock. Craig Hallum set a $37.00 target price on Axon Enterprise and gave the company a “buy” rating in a research note on Wednesday, February 28th. BidaskClub downgraded Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 6th. CL King downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Finally, Sidoti downgraded Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Monday, March 5th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.00.
ILLEGAL ACTIVITY WARNING: “18,009 Shares in Axon Enterprise Inc (AAXN) Acquired by Teacher Retirement System of Texas” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/teacher-retirement-system-of-texas-takes-position-in-axon-enterprise-inc-aaxn.html.
Axon Enterprise Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.