California State Teachers Retirement System Increases Holdings in Axon Enterprise Inc (AAXN)

California State Teachers Retirement System lifted its position in Axon Enterprise Inc (NASDAQ:AAXN) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,983 shares of the industrial products company’s stock after purchasing an additional 2,030 shares during the period. California State Teachers Retirement System owned about 0.15% of Axon Enterprise worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAXN. LS Investment Advisors LLC increased its holdings in Axon Enterprise by 22.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,829 shares of the industrial products company’s stock worth $168,000 after acquiring an additional 708 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Axon Enterprise by 14.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,854 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 491 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at about $179,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Axon Enterprise by 8.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,265 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 350 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at about $192,000. 79.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on AAXN shares. ValuEngine lowered shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 4th. Morgan Stanley decreased their target price on shares of Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, January 9th. BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 10th. Finally, Northland Securities reissued a “buy” rating and set a $70.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 27th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Axon Enterprise currently has an average rating of “Buy” and a consensus price target of $68.25.

AAXN traded down $1.68 during midday trading on Friday, hitting $59.82. The company’s stock had a trading volume of 398,789 shares, compared to its average volume of 472,157. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 119.64, a price-to-earnings-growth 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 issued its earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $104.03 million. Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. Equities research analysts predict that Axon Enterprise Inc will post 0.54 EPS for the current year.

In related news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 31,261 shares of the company’s stock, valued at approximately $1,875,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard H. Carmona sold 23,810 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $47.76, for a total value of $1,137,165.60. Following the transaction, the director now directly owns 94,457 shares in the company, valued at $4,511,266.32. The disclosure for this sale can be found here. Insiders have sold a total of 119,057 shares of company stock worth $6,131,430 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

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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.

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

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