Teachers Retirement System of The State of Kentucky lessened its stake in Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,695 shares of the biotechnology company’s stock after selling 700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Axon Enterprise were worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new position in Axon Enterprise in the first quarter valued at about $27,000. Tyler Stone Wealth Management purchased a new position in Axon Enterprise in the fourth quarter valued at about $32,000. Bivin & Associates Inc. purchased a new position in Axon Enterprise in the fourth quarter valued at about $42,000. GHP Investment Advisors Inc. purchased a new position in Axon Enterprise in the first quarter valued at about $42,000. Finally, Mascoma Wealth Management LLC purchased a new position in Axon Enterprise in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on AXON shares. Robert W. Baird boosted their price target on Axon Enterprise from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. StockNews.com lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. JMP Securities restated a “buy” rating and set a $195.00 price target on shares of Axon Enterprise in a research note on Wednesday, June 1st. Credit Suisse Group boosted their price target on Axon Enterprise from $134.00 to $142.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. Finally, Barclays started coverage on Axon Enterprise in a research note on Thursday. They set an “overweight” rating and a $147.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.22.
Axon Enterprise Trading Down 1.5 %
Axon Enterprise (NASDAQ:AXON – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The biotechnology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.62. Axon Enterprise had a return on equity of 12.57% and a net margin of 14.20%. The company had revenue of $285.61 million during the quarter, compared to the consensus estimate of $258.96 million. During the same period in the previous year, the company posted ($0.72) earnings per share. Axon Enterprise’s revenue for the quarter was up 30.5% on a year-over-year basis. Sell-side analysts anticipate that Axon Enterprise, Inc. will post 0.39 EPS for the current year.
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, TASER, and Software and Sensors. 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.
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