Swedbank AB Raises Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Swedbank AB lifted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,603 shares of the biotechnology company’s stock after purchasing an additional 2,206 shares during the period. Swedbank AB’s holdings in Axon Enterprise were worth $52,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXON. Quent Capital LLC lifted its stake in Axon Enterprise by 1,875.0% in the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Blue Trust Inc. increased its position in Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after purchasing an additional 79 shares during the period. Planning Capital Management Corp raised its holdings in shares of Axon Enterprise by 83.3% in the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after purchasing an additional 55 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Axon Enterprise in the 3rd quarter worth approximately $51,000. Finally, Reston Wealth Management LLC bought a new position in shares of Axon Enterprise during the third quarter valued at approximately $60,000. Institutional investors own 79.08% of the company’s stock.

Analyst Upgrades and Downgrades

AXON has been the subject of a number of recent research reports. Needham & Company LLC boosted their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum upped their price objective on Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays raised their price objective on Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Northland Securities upped their price target on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group raised their price objective on Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $427.83.

Insider Buying and Selling

In other news, CEO Patrick W. Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $364.02, for a total transaction of $18,201,000.00. Following the completion of the sale, the chief executive officer now owns 2,980,861 shares in the company, valued at $1,085,093,021.22. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey C. Kunins sold 21,834 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the transaction, the insider now owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 260,256 shares of company stock worth $105,984,120 over the last 90 days. 5.70% of the stock is owned by insiders.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $636.95 on Monday. The business has a 50-day simple moving average of $463.58 and a 200-day simple moving average of $368.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a one year low of $224.28 and a one year high of $641.20. The company has a market cap of $48.57 billion, a PE ratio of 164.59, a P/E/G ratio of 14.02 and a beta of 0.94.

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.