WCM Investment Management LLC Takes $1.49 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

WCM Investment Management LLC acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,779 shares of the biotechnology company’s stock, valued at approximately $1,494,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Simplicity Solutions LLC lifted its stake in shares of Axon Enterprise by 15.5% during the 4th quarter. Simplicity Solutions LLC now owns 1,587 shares of the biotechnology company’s stock worth $410,000 after buying an additional 213 shares during the last quarter. Wealthspan Partners LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth about $238,000. Cerity Partners LLC lifted its stake in shares of Axon Enterprise by 12.0% during the 4th quarter. Cerity Partners LLC now owns 8,405 shares of the biotechnology company’s stock worth $2,171,000 after buying an additional 901 shares during the last quarter. Leeward Financial Partners LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth about $225,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth about $279,000. Institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AXON has been the subject of a number of research reports. Needham & Company LLC raised their target price on shares of Axon Enterprise from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley raised their target price on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Barclays lifted their price objective on shares of Axon Enterprise from $296.00 to $308.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. JMP Securities lifted their price objective on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 6th. Finally, StockNews.com cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.64.

Axon Enterprise Price Performance

Shares of NASDAQ:AXON opened at $310.81 on Monday. The firm has a 50 day moving average of $297.42 and a 200-day moving average of $255.25. The stock has a market capitalization of $23.45 billion, a PE ratio of 135.14 and a beta of 0.93. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. Axon Enterprise, Inc. has a 12 month low of $175.37 and a 12 month high of $329.87.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.48 by $0.29. The company had revenue of $432.14 million during the quarter, compared to analysts’ expectations of $418.97 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. On average, equities research analysts predict that Axon Enterprise, Inc. will post 2.43 EPS for the current fiscal year.

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.