M&T Bank Corp Grows Position in Axon Enterprise, Inc. (NASDAQ:AXON)

M&T Bank Corp raised its holdings in Axon Enterprise, Inc. (NASDAQ:AXONGet Rating) by 31.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,078 shares of the biotechnology company’s stock after acquiring an additional 966 shares during the quarter. M&T Bank Corp’s holdings in Axon Enterprise were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AXON. Texas Permanent School Fund increased its position in shares of Axon Enterprise by 2.1% during the 1st quarter. Texas Permanent School Fund now owns 48,541 shares of the biotechnology company’s stock valued at $6,686,000 after purchasing an additional 983 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of Axon Enterprise by 68.0% during the 1st quarter. Natixis Advisors L.P. now owns 18,457 shares of the biotechnology company’s stock valued at $2,542,000 after purchasing an additional 7,472 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Axon Enterprise by 16.5% during the 1st quarter. GSA Capital Partners LLP now owns 2,043 shares of the biotechnology company’s stock valued at $281,000 after purchasing an additional 290 shares during the last quarter. Arizona State Retirement System increased its position in shares of Axon Enterprise by 4.7% during the 1st quarter. Arizona State Retirement System now owns 18,508 shares of the biotechnology company’s stock valued at $2,549,000 after purchasing an additional 832 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Axon Enterprise by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 655,833 shares of the biotechnology company’s stock valued at $90,327,000 after purchasing an additional 17,224 shares during the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Analyst Upgrades and Downgrades

AXON has been the topic of several recent research reports. Credit Suisse Group increased their price objective on Axon Enterprise from $142.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Needham & Company LLC increased their price objective on Axon Enterprise from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, November 9th. Barclays initiated coverage on Axon Enterprise in a research report on Thursday, September 15th. They set an “overweight” rating and a $147.00 price target on the stock. StockNews.com initiated coverage on Axon Enterprise in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley raised their price target on Axon Enterprise from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.11.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $180.89 on Tuesday. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 124.75 and a beta of 0.70. Axon Enterprise, Inc. has a fifty-two week low of $82.49 and a fifty-two week high of $209.00. The stock has a 50 day simple moving average of $134.06. The company has a current ratio of 2.70, a quick ratio of 2.35 and a debt-to-equity ratio of 0.02.

Insider Transactions at Axon Enterprise

In other news, insider Jeffrey C. Kunins sold 1,271 shares of Axon Enterprise stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $112.42, for a total value of $142,885.82. Following the sale, the insider now directly owns 201,490 shares in the company, valued at approximately $22,651,505.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, President Luke Larson sold 7,863 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $120.33, for a total value of $946,154.79. Following the completion of the transaction, the president now owns 281,883 shares in the company, valued at approximately $33,918,981.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey C. Kunins sold 1,271 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $112.42, for a total value of $142,885.82. Following the completion of the transaction, the insider now owns 201,490 shares of the company’s stock, valued at approximately $22,651,505.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,833 shares of company stock worth $1,399,754. 6.90% of the stock is currently owned by insiders.

About Axon Enterprise

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding AXON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axon Enterprise, Inc. (NASDAQ:AXONGet Rating).

Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)

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