Sterling Capital Management LLC Sells 3,681 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

by · The Cerbat Gem

Sterling Capital Management LLC decreased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON – Free Report) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,748 shares of the biotechnology company’s stock after selling 3,681 shares during the quarter. Sterling Capital Management LLC’s holdings in Axon Enterprise were worth $13,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp grew its holdings in Axon Enterprise by 32.8% during the 3rd quarter. Stifel Financial Corp now owns 23,945 shares of the biotechnology company’s stock worth $9,568,000 after acquiring an additional 5,914 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Axon Enterprise in the 3rd quarter worth approximately $328,000. Orion Portfolio Solutions LLC boosted its stake in shares of Axon Enterprise by 1.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,134 shares of the biotechnology company’s stock valued at $1,252,000 after purchasing an additional 39 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Axon Enterprise by 6.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 21,104 shares of the biotechnology company’s stock valued at $8,433,000 after buying an additional 1,347 shares during the period. Finally, Geode Capital Management LLC raised its stake in Axon Enterprise by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,782,828 shares of the biotechnology company’s stock worth $710,103,000 after buying an additional 35,320 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the sale, the director now owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is currently owned by company insiders.

Axon Enterprise Trading Down 1.5 %

NASDAQ:AXON opened at $551.25 on Friday. The company has a market capitalization of $42.24 billion, a P/E ratio of 142.44, a PEG ratio of 5.17 and a beta of 1.13. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The firm has a fifty day simple moving average of $568.97 and a 200-day simple moving average of $559.34.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AXON shares. TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Axon Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Get Our Latest Research Report on AXON

Axon Enterprise Profile

(Free Report)

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.

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