Daiwa Securities Group Inc. Grows Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Daiwa Securities Group Inc. lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 10.9% in the third quarter, HoldingsChannel.com reports. The firm owned 9,927 shares of the biotechnology company’s stock after purchasing an additional 973 shares during the period. Daiwa Securities Group Inc.’s holdings in Axon Enterprise were worth $3,967,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. grew its position in shares of Axon Enterprise by 24.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,266 shares of the biotechnology company’s stock worth $1,961,000 after buying an additional 1,229 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Axon Enterprise by 1.4% in the first quarter. California State Teachers Retirement System now owns 116,206 shares of the biotechnology company’s stock valued at $36,359,000 after acquiring an additional 1,603 shares in the last quarter. Tidal Investments LLC increased its position in Axon Enterprise by 22.4% during the 1st quarter. Tidal Investments LLC now owns 4,833 shares of the biotechnology company’s stock valued at $1,512,000 after purchasing an additional 884 shares during the period. LBP AM SA bought a new position in Axon Enterprise in the 1st quarter worth $1,041,000. Finally, Virtu Financial LLC boosted its stake in shares of Axon Enterprise by 151.8% during the 1st quarter. Virtu Financial LLC now owns 4,283 shares of the biotechnology company’s stock valued at $1,340,000 after purchasing an additional 2,582 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXON. Northland Securities increased their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Craig Hallum raised their target price on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Barclays upped their price target on Axon Enterprise from $381.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group raised their price objective on Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities upped their target price 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. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.83.

Axon Enterprise Stock Performance

AXON stock opened at $632.16 on Wednesday. The stock’s 50 day simple moving average is $468.24 and its 200 day simple moving average 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 12-month low of $224.28 and a 12-month high of $641.20. The stock has a market capitalization of $48.21 billion, a PE ratio of 163.35, a price-to-earnings-growth ratio of 14.02 and a beta of 0.94.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 110 shares of Axon Enterprise stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $400.00, for a total value of $44,000.00. Following the completion of the sale, the director now directly owns 1,934 shares in the company, valued at $773,600. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Joshua Isner sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 208,166 shares in the company, valued at approximately $126,179,820.90. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,256 shares of company stock worth $105,984,120 over the last quarter. 6.10% of the stock is currently owned by insiders.

Axon Enterprise Company 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.