Janus Henderson Group PLC lessened its stake in Axon Enterprise Inc (NASDAQ:AAXN) by 26.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,304,571 shares of the industrial products company’s stock after selling 1,196,533 shares during the quarter. Janus Henderson Group PLC owned 5.59% of Axon Enterprise worth $212,187,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of AAXN. Victory Capital Management Inc. lifted its holdings in shares of Axon Enterprise by 25.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,002,232 shares of the industrial products company’s stock valued at $54,531,000 after buying an additional 205,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Axon Enterprise in the 2nd quarter valued at about $12,546,000. FMR LLC increased its stake in shares of Axon Enterprise by 25,672.5% in the 1st quarter. FMR LLC now owns 135,821 shares of the industrial products company’s stock valued at $7,390,000 after purchasing an additional 135,294 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Axon Enterprise by 28.6% in the 1st quarter. Baillie Gifford & Co. now owns 489,605 shares of the industrial products company’s stock valued at $26,639,000 after purchasing an additional 108,987 shares in the last quarter. Finally, Retirement Systems of Alabama purchased a new position in shares of Axon Enterprise in the 2nd quarter valued at about $5,287,000. 80.96% of the stock is owned by institutional investors and hedge funds.
In other Axon Enterprise news, CEO Patrick W. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $70.08, for a total transaction of $3,504,000.00. Following the completion of the sale, the chief executive officer now directly owns 701,562 shares in the company, valued at approximately $49,165,464.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Julie A. Cullivan sold 1,360 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $57.86, for a total value of $78,689.60. Following the sale, the director now owns 7,815 shares of the company’s stock, valued at $452,175.90. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
NASDAQ:AAXN opened at $59.97 on Friday. Axon Enterprise Inc has a 12 month low of $39.43 and a 12 month high of $74.93. The stock has a 50 day moving average of $63.86 and a two-hundred day moving average of $61.72. The firm has a market cap of $3.55 billion, a P/E ratio of 239.76, a price-to-earnings-growth ratio of 7.84 and a beta of 0.76.
Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.05). Axon Enterprise had a return on equity of 3.19% and a net margin of 3.34%. The firm had revenue of $112.36 million for the quarter, compared to analysts’ expectations of $115.41 million. During the same quarter last year, the firm posted $0.18 earnings per share. Axon Enterprise’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts anticipate that Axon Enterprise Inc will post 0.51 earnings per share for the current year.
AAXN has been the subject of several recent analyst reports. Needham & Company LLC lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Wednesday, August 14th. Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “sell” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $81.00 price target (up previously from $73.00) on shares of Axon Enterprise in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $72.22.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.
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