Principal Financial Group Inc. Purchases 1,781 Shares of Axon Enterprise Inc (NASDAQ:AAXN)

Principal Financial Group Inc. increased its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 480,319 shares of the industrial products company’s stock after acquiring an additional 1,781 shares during the period. Principal Financial Group Inc. owned approximately 0.82% of Axon Enterprise worth $21,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AAXN. CENTRAL TRUST Co boosted its position in Axon Enterprise by 3.4% during the 4th quarter. CENTRAL TRUST Co now owns 6,708 shares of the industrial products company’s stock valued at $294,000 after buying an additional 222 shares during the period. Greenwich Wealth Management LLC boosted its position in Axon Enterprise by 0.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 56,537 shares of the industrial products company’s stock valued at $2,473,000 after buying an additional 280 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Axon Enterprise by 8.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,265 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 350 shares in the last quarter. Comerica Bank raised its holdings in Axon Enterprise by 0.5% in the 4th quarter. Comerica Bank now owns 77,130 shares of the industrial products company’s stock worth $3,782,000 after purchasing an additional 386 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in Axon Enterprise by 3.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 13,892 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 480 shares in the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AAXN traded down $1.68 during trading on Friday, reaching $59.82. 398,789 shares of the company traded hands, compared to its average volume of 472,157. The company has a market cap of $3.54 billion, a PE ratio of 119.64, a PEG ratio of 4.43 and a beta of 0.89. Axon Enterprise Inc has a 52-week low of $39.43 and a 52-week high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $104.03 million. Axon Enterprise had a net margin of 6.95% and a return on equity of 7.43%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. As a group, equities research analysts forecast that Axon Enterprise Inc will post 0.54 EPS for the current fiscal year.

Several research analysts have commented on the stock. TheStreet upgraded shares of Axon Enterprise from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Raymond James upgraded shares of Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a report on Monday, April 8th. Dougherty & Co upgraded shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, April 5th. BidaskClub upgraded shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Finally, Northcoast Research upgraded shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Axon Enterprise currently has a consensus rating of “Buy” and an average target price of $68.25.

In other Axon Enterprise news, Director Michael Garnreiter sold 3,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $60.00, for a total transaction of $180,000.00. Following the transaction, the director now owns 33,261 shares of the company’s stock, valued at $1,995,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick W. Smith sold 31,735 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $52.00, for a total transaction of $1,650,220.00. Following the sale, the chief executive officer now owns 758,197 shares in the company, valued at approximately $39,426,244. The disclosure for this sale can be found here. Insiders have sold 119,057 shares of company stock worth $6,131,430 in the last ninety days. Insiders own 2.30% of the company’s stock.

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About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

See Also: Cost of Equity

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

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