Valeo Financial Advisors LLC Has $247,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Valeo Financial Advisors LLC cut its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 957 shares of the biotechnology company’s stock after selling 144 shares during the period. Valeo Financial Advisors LLC’s holdings in Axon Enterprise were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in Axon Enterprise in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in Axon Enterprise during the first quarter worth $29,000. BKM Wealth Management LLC acquired a new stake in Axon Enterprise in the fourth quarter worth $32,000. First Capital Advisors Group LLC. acquired a new stake in Axon Enterprise in the second quarter worth $33,000. Finally, Tyler Stone Wealth Management bought a new stake in Axon Enterprise in the second quarter valued at $35,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Trading Down 2.4 %

Shares of AXON stock opened at $303.31 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 131.87 and a beta of 0.93. Axon Enterprise, Inc. has a 52-week low of $175.37 and a 52-week high of $329.87. The company has a 50-day simple moving average of $298.34 and a two-hundred day simple moving average of $256.00.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share (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 analyst estimates of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. Research analysts anticipate that Axon Enterprise, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AXON shares. StockNews.com downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Barclays upped their target price on Axon Enterprise from $296.00 to $308.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Morgan Stanley lifted their price target on shares of Axon Enterprise from $250.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Robert W. Baird upped their price objective on shares of Axon Enterprise from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC raised their price objective on shares of Axon Enterprise from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $312.64.

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, 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.