King Luther Capital Management Corp Lowers Position in Axon Enterprise, Inc. (NASDAQ:AXON)

King Luther Capital Management Corp trimmed its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,050 shares of the biotechnology company’s stock after selling 424 shares during the period. King Luther Capital Management Corp’s holdings in Axon Enterprise were worth $5,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Groupama Asset Managment purchased a new position in shares of Axon Enterprise during the third quarter worth about $200,000. Massachusetts Financial Services Co. MA bought a new stake in Axon Enterprise during the third quarter valued at approximately $120,553,000. Proficio Capital Partners LLC purchased a new position in Axon Enterprise in the 4th quarter worth approximately $78,414,000. Westfield Capital Management Co. LP increased its holdings in shares of Axon Enterprise by 12.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after buying an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after buying an additional 111,405 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AXON has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Finally, Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $587.38.

Axon Enterprise Price Performance

Shares of NASDAQ AXON opened at $526.64 on Wednesday. The firm has a market cap of $40.35 billion, a P/E ratio of 136.08, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $596.28 and a 200 day moving average of $532.72.

Insiders Place Their Bets

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,035 shares of Axon Enterprise stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the completion of the sale, the insider now owns 124,243 shares of the company’s stock, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,146 shares of company stock valued at $3,262,847. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.