Miller Financial Services LLC Invests $638,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

Miller Financial Services LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,074 shares of the biotechnology company’s stock, valued at approximately $638,000.

Several other large investors also recently made changes to their positions in AXON. Principal Financial Group Inc. grew its position in Axon Enterprise by 33.1% in the third quarter. Principal Financial Group Inc. now owns 136,302 shares of the biotechnology company’s stock valued at $54,466,000 after purchasing an additional 33,869 shares in the last quarter. SpiderRock Advisors LLC grew its position in Axon Enterprise by 2.6% in the third quarter. SpiderRock Advisors LLC now owns 2,325 shares of the biotechnology company’s stock valued at $929,000 after purchasing an additional 58 shares in the last quarter. Assetmark Inc. grew its position in Axon Enterprise by 4.2% in the third quarter. Assetmark Inc. now owns 5,315 shares of the biotechnology company’s stock valued at $2,124,000 after purchasing an additional 214 shares in the last quarter. Atria Investments Inc grew its position in Axon Enterprise by 31.4% in the third quarter. Atria Investments Inc now owns 3,901 shares of the biotechnology company’s stock valued at $1,559,000 after purchasing an additional 933 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in Axon Enterprise in the third quarter valued at $265,000. Institutional investors own 79.08% of the company’s stock.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Michael Garnreiter sold 1,000 shares of Axon Enterprise stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $639.69, for a total value of $639,690.00. Following the completion of the sale, the director now owns 24,259 shares in the company, valued at $15,518,239.71. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated 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 of the company’s stock, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,146 shares of company stock worth $3,262,847. 6.10% of the stock is owned by insiders.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $515.45 on Tuesday. The firm has a 50-day moving average of $597.64 and a 200-day moving average of $531.62. 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 market cap of $39.50 billion, a PE ratio of 133.19, a P/E/G ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXON. Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Finally, JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $587.38.

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.