Bank of America Corp DE boosted its position in Axon Enterprise Inc (NASDAQ:AAXN) by 194.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,355 shares of the industrial products company’s stock after acquiring an additional 105,280 shares during the period. Bank of America Corp DE owned 0.27% of Axon Enterprise worth $6,972,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Axon Enterprise by 116.2% during the fourth quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock valued at $34,879,000 after acquiring an additional 428,547 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Axon Enterprise in the fourth quarter worth $16,653,000. Villere ST Denis J & Co. LLC boosted its holdings in shares of Axon Enterprise by 25.7% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock worth $61,037,000 after acquiring an additional 284,945 shares during the period. Vanguard Group Inc boosted its holdings in shares of Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after acquiring an additional 238,066 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after acquiring an additional 238,066 shares during the period. Institutional investors and hedge funds own 82.21% of the company’s stock.
In related news, Director Michael Garnreiter sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was 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 in the company, valued at approximately $1,995,660. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Joshua Isner sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $47.85, for a total value of $47,850.00. Following the transaction, the executive now owns 36,033 shares in the company, valued at approximately $1,724,179.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,057 shares of company stock worth $6,195,260. 2.30% of the stock is owned by company insiders.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Axon Enterprise had a return on equity of 4.99% and a net margin of 5.22%. The company had revenue of $115.81 million for the quarter, compared to the consensus estimate of $110.67 million. During the same quarter in the previous year, the business earned $0.29 EPS. Axon Enterprise’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that Axon Enterprise Inc will post 0.54 earnings per share for the current year.
AAXN has been the subject of a number of analyst reports. TheStreet raised Axon Enterprise from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Dougherty & Co raised Axon Enterprise from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, April 5th. Northland Securities reissued a “buy” rating and set a $70.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 27th. Northcoast Research raised Axon Enterprise from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, March 19th. Finally, BidaskClub lowered Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Axon Enterprise has a consensus rating of “Buy” and an average price target of $68.75.
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Axon Enterprise Profile
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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