Zurcher Kantonalbank Zurich Cantonalbank Has $20.18 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,492 shares of the biotechnology company’s stock after purchasing an additional 5,834 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Axon Enterprise worth $20,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Soros Capital Management LLC acquired a new position in shares of Axon Enterprise during the third quarter worth $630,000. Townsquare Capital LLC bought a new stake in Axon Enterprise during the 3rd quarter worth $261,000. Brooklyn Investment Group acquired a new position in Axon Enterprise in the 3rd quarter worth about $41,000. Quantbot Technologies LP bought a new position in Axon Enterprise in the third quarter valued at about $84,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Axon Enterprise by 0.3% during the third quarter. D.A. Davidson & CO. now owns 12,622 shares of the biotechnology company’s stock valued at $5,044,000 after purchasing an additional 44 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 110 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $400.00, for a total transaction of $44,000.00. Following the transaction, the director now owns 1,934 shares of the company’s stock, valued at $773,600. This represents a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick W. Smith sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $356.53, for a total value of $26,739,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,970,366 shares of the company’s stock, valued at $1,059,024,589.98. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,256 shares of company stock valued at $87,783,120 in the last quarter. 6.10% of the stock is currently owned by company insiders.

Axon Enterprise Trading Up 1.9 %

Shares of AXON stock opened at $646.96 on Friday. Axon Enterprise, Inc. has a fifty-two week low of $224.28 and a fifty-two week high of $652.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The stock has a 50 day simple moving average of $483.18 and a two-hundred day simple moving average of $376.61. The company has a market cap of $49.33 billion, a P/E ratio of 167.17, a PEG ratio of 13.97 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AXON shares. Needham & Company LLC upped their price objective on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JMP Securities lifted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Craig Hallum increased their price objective on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird lifted their target price on Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $427.83.

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.