Global Retirement Partners LLC Raises Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Global Retirement Partners LLC lifted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 23.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 974 shares of the biotechnology company’s stock after buying an additional 183 shares during the quarter. Global Retirement Partners LLC’s holdings in Axon Enterprise were worth $579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXON. Public Sector Pension Investment Board grew its stake in Axon Enterprise by 19.2% in the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock worth $1,240,000 after purchasing an additional 500 shares in the last quarter. CIBC Asset Management Inc grew its stake in Axon Enterprise by 9.2% in the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock worth $4,227,000 after purchasing an additional 895 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Axon Enterprise in the third quarter worth approximately $221,000. Sequoia Financial Advisors LLC grew its stake in Axon Enterprise by 4.9% in the third quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock worth $690,000 after purchasing an additional 81 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Axon Enterprise in the third quarter worth approximately $814,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northland Securities increased their price objective on 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 cut Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price objective on the stock. in a research note on Thursday. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and thirteen have assigned 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 price target of $561.31.

Axon Enterprise Stock Performance

Shares of AXON opened at $513.22 on Friday. Axon Enterprise, Inc. has a 12 month low of $265.32 and a 12 month high of $715.99. The stock has a fifty day moving average price of $619.94 and a 200-day moving average price of $518.66. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The firm has a market cap of $39.13 billion, a PE ratio of 132.62, a P/E/G ratio of 5.43 and a beta of 1.05.

Insider Activity

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey C. Kunins sold 2,304 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total value of $1,508,636.16. Following the completion of the transaction, the insider now owns 128,542 shares of the company’s stock, valued at $84,168,016.18. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,711 shares of company stock worth $5,631,561. Insiders own 6.10% of the company’s stock.

Axon Enterprise 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.