SevenBridge Financial Group LLC Has $413,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

SevenBridge Financial Group LLC lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 695 shares of the biotechnology company’s stock after purchasing an additional 26 shares during the period. SevenBridge Financial Group LLC’s holdings in Axon Enterprise were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AXON. Massachusetts Financial Services Co. MA increased its position in Axon Enterprise by 82.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 551,197 shares of the biotechnology company’s stock worth $327,587,000 after buying an additional 249,513 shares during the last quarter. Groupama Asset Managment increased its holdings in shares of Axon Enterprise by 0.3% during the 4th quarter. Groupama Asset Managment now owns 501,260 shares of the biotechnology company’s stock worth $297,909,000 after acquiring an additional 1,260 shares during the last quarter. OV Management LLC raised its stake in Axon Enterprise by 6.0% in the 4th quarter. OV Management LLC now owns 3,713 shares of the biotechnology company’s stock valued at $2,207,000 after acquiring an additional 209 shares during the period. Headlands Technologies LLC acquired a new stake in Axon Enterprise during the 4th quarter valued at $3,931,000. Finally, Geode Capital Management LLC boosted its position in Axon Enterprise by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,847,925 shares of the biotechnology company’s stock worth $1,095,542,000 after purchasing an additional 65,097 shares during the period. 79.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price on the stock. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The shares were 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 in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Up 3.2 %

Shares of AXON stock opened at $558.42 on Thursday. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The stock’s fifty day simple moving average is $585.99 and its 200 day simple moving average is $552.79. 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 firm has a market capitalization of $42.79 billion, a P/E ratio of 144.29, a P/E/G ratio of 5.17 and a beta of 1.13.

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.