Ashburton Jersey Ltd Has $4.19 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Ashburton Jersey Ltd cut its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,043 shares of the biotechnology company’s stock after selling 1,170 shares during the quarter. Axon Enterprise comprises 1.8% of Ashburton Jersey Ltd’s portfolio, making the stock its 19th largest position. Ashburton Jersey Ltd’s holdings in Axon Enterprise were worth $4,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AXON. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at about $40,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise during the fourth quarter valued at approximately $45,000. Prestige Wealth Management Group LLC grew its holdings in Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays restated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $604.67.

Axon Enterprise Price Performance

NASDAQ AXON opened at $497.13 on Friday. The firm’s 50 day moving average is $582.26 and its 200-day moving average is $554.66. 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 market capitalization of $38.09 billion, a PE ratio of 128.46, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

About Axon Enterprise

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.