Dynamic Advisor Solutions LLC Grows Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Dynamic Advisor Solutions LLC raised its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,394 shares of the biotechnology company’s stock after acquiring an additional 62 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Axon Enterprise were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AXON. Blue Trust Inc. grew its stake in shares of Axon Enterprise by 987.5% in the second quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after acquiring an additional 79 shares during the last quarter. Trivant Custom Portfolio Group LLC purchased a new stake in shares of Axon Enterprise during the first quarter valued at $31,000. Quent Capital LLC boosted its position in shares of Axon Enterprise by 1,875.0% during the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank purchased a new stake in shares of Axon Enterprise during the first quarter valued at $33,000. Finally, Rise Advisors LLC boosted its position in shares of Axon Enterprise by 49.0% during the first quarter. Rise Advisors LLC now owns 143 shares of the biotechnology company’s stock valued at $45,000 after buying an additional 47 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird increased their price objective on Axon Enterprise from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Axon Enterprise in a research report on Wednesday, August 7th. JMP Securities increased their price objective on Axon Enterprise from $375.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Northland Securities increased their target price on Axon Enterprise from $330.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, Jefferies Financial Group initiated coverage on Axon Enterprise in a report on Wednesday, July 17th. They issued a “buy” rating and a $385.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $365.38.

Axon Enterprise Stock Down 0.8 %

NASDAQ AXON opened at $428.76 on Friday. The stock’s 50-day moving average price is $375.57 and its 200-day moving average price is $326.60. The company has a quick ratio of 2.52, a current ratio of 2.88 and a debt-to-equity ratio of 0.35. Axon Enterprise, Inc. has a 52 week low of $199.29 and a 52 week high of $433.48. The company has a market capitalization of $32.40 billion, a P/E ratio of 125.37, a price-to-earnings-growth ratio of 11.30 and a beta of 0.94.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Tuesday, August 6th. The biotechnology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.02 by $0.18. Axon Enterprise had a return on equity of 9.34% and a net margin of 16.06%. The firm had revenue of $504.00 million for the quarter, compared to the consensus estimate of $478.35 million. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. On average, equities research analysts predict that Axon Enterprise, Inc. will post 1.79 earnings per share for the current year.

Insider Activity at Axon Enterprise

In related news, Director Matthew R. Mcbrady sold 2,000 shares of Axon Enterprise stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $364.66, for a total transaction of $729,320.00. Following the sale, the director now owns 4,892 shares of the company’s stock, valued at approximately $1,783,916.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Matthew R. Mcbrady sold 2,000 shares of Axon Enterprise stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $364.66, for a total transaction of $729,320.00. Following the sale, the director now owns 4,892 shares of the company’s stock, valued at approximately $1,783,916.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $373.03, for a total value of $167,863.50. Following the sale, the director now directly owns 7,379 shares in the company, valued at $2,752,588.37. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 370,172 shares of company stock valued at $136,562,182. 6.10% of the stock is owned by company insiders.

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.