PNC Financial Services Group Inc. Has $2.25 Million Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

PNC Financial Services Group Inc. boosted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,627 shares of the biotechnology company’s stock after purchasing an additional 840 shares during the period. PNC Financial Services Group Inc.’s holdings in Axon Enterprise were worth $2,249,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Axon Enterprise in the third quarter valued at approximately $871,860,000. Swedbank AB acquired a new position in Axon Enterprise in the 1st quarter valued at approximately $39,923,000. 1832 Asset Management L.P. raised its stake in shares of Axon Enterprise by 44.0% during the second quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock valued at $110,546,000 after acquiring an additional 114,800 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Axon Enterprise by 1,077.9% during the third quarter. Mizuho Securities USA LLC now owns 64,418 shares of the biotechnology company’s stock worth $25,741,000 after purchasing an additional 58,949 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Axon Enterprise by 53.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 157,094 shares of the biotechnology company’s stock worth $46,223,000 after purchasing an additional 54,526 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Price Performance

Shares of NASDAQ AXON opened at $619.00 on Tuesday. The firm has a market capitalization of $47.20 billion, a P/E ratio of 159.95, a P/E/G ratio of 14.02 and a beta of 0.94. The firm’s 50-day moving average price is $468.24 and its 200-day moving average price is $370.65. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1-year low of $224.28 and a 1-year high of $641.20.

Analysts Set New Price Targets

AXON has been the subject of several analyst reports. Northland Securities raised their target price on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Robert W. Baird lifted their price objective on Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC increased their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $427.83.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, President Joshua Isner sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the completion of the sale, the president now owns 208,166 shares in the company, valued at approximately $126,179,820.90. The trade was a 8.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick W. Smith sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $356.53, for a total transaction of $26,739,750.00. Following the transaction, the chief executive officer now owns 2,970,366 shares in the company, valued at approximately $1,059,024,589.98. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,256 shares of company stock valued at $105,984,120 in the last three months. Corporate insiders own 5.70% 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.