Geode Capital Management LLC Grows Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Geode Capital Management LLC increased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,847,925 shares of the biotechnology company’s stock after buying an additional 65,097 shares during the period. Geode Capital Management LLC owned 2.42% of Axon Enterprise worth $1,095,542,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AXON. Quantbot Technologies LP bought a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $84,000. Townsquare Capital LLC bought a new stake in Axon Enterprise during the third quarter valued at approximately $261,000. Public Sector Pension Investment Board grew its stake in Axon Enterprise by 19.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock worth $1,240,000 after buying an additional 500 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Axon Enterprise in the 3rd quarter worth $252,000. Finally, Captrust Financial Advisors raised its position in shares of Axon Enterprise by 2.6% during the 3rd quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company’s stock valued at $4,958,000 after buying an additional 320 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AXON shares. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Barclays reissued a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. 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 cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $604.67.

Insider Activity

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 2.9 %

Shares of NASDAQ:AXON opened at $541.20 on Wednesday. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock’s 50-day moving average is $586.98 and its 200 day moving average is $552.75. The company has a market cap of $41.47 billion, a PE ratio of 139.85, a P/E/G ratio of 5.17 and a beta of 1.12.

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.