Qube Research & Technologies Ltd increased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) by 25.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,682 shares of the biotechnology company's stock after purchasing an additional 2,608 shares during the period. Qube Research & Technologies Ltd's holdings in Axon Enterprise were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AXON. Prospera Financial Services Inc purchased a new stake in Axon Enterprise during the 1st quarter worth $27,000. Retirement Planning Co of New England Inc. acquired a new position in Axon Enterprise in the 4th quarter worth $31,000. Tyler Stone Wealth Management acquired a new position in Axon Enterprise in the 4th quarter worth $32,000. Sageworth Trust Co of South Dakota acquired a new position in Axon Enterprise in the 4th quarter worth $37,000. Finally, Bivin & Associates Inc. acquired a new position in Axon Enterprise in the 4th quarter worth $42,000. 72.06% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Stock Up 4.3 %

AXON stock opened at $129.49 on Friday. Axon Enterprise, Inc. has a 12 month low of $82.49 and a 12 month high of $209.00. The firm has a market cap of $9.20 billion, a PE ratio of 66.41 and a beta of 0.66. The firm has a 50 day simple moving average of $98.96 and a 200 day simple moving average of $112.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.70 and a quick ratio of 2.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of Axon Enterprise in a report on Wednesday, June 1st. Robert W. Baird cut their target price on shares of Axon Enterprise from $145.00 to $125.00 in a research note on Wednesday, May 11th. Morgan Stanley lowered shares of Axon Enterprise from an "overweight" rating to an "equal weight" rating and set a $120.00 price objective on the stock. in a research note on Monday, May 23rd. Credit Suisse Group increased their price objective on shares of Axon Enterprise from $134.00 to $142.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Northland Securities dropped their price objective on shares of Axon Enterprise from $180.00 to $130.00 in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.25.

Insider Activity at Axon Enterprise

In related news, Director Mark W. Kroll sold 3,159 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $102.82, for a total value of $324,808.38. Following the completion of the sale, the director now owns 13,691 shares in the company, valued at approximately $1,407,708.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is 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

• Get a free copy of the StockNews.com research report on Axon Enterprise (AXON)
• 2 Important Retail Stock Battles to Watch
• MarketBeat: Week in Review 8/8 – 8/12
• What Is WallStreetBets and What Stocks Are They Targeting?
• Institutions And Analysts Propel Jack In The Box Higher
• Can You Guess Which EV Stock Is Beating Tesla ?

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:AXON – Get Rating).

Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.