Glenmede Trust Co. NA Sells 349 Shares of Taser International Inc. (TASR)
Glenmede Trust Co. NA decreased its position in shares of Taser International Inc. (NASDAQ:TASR) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 4,819 shares of the company’s stock after selling 349 shares during the period. Glenmede Trust Co. NA’s holdings in Taser International were worth $119,000 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 TASR. Private Trust Co. NA acquired a new position in shares of Taser International during the second quarter worth $211,000. IFP Advisors Inc raised its stake in Taser International by 18.1% in the first quarter. IFP Advisors Inc now owns 14,595 shares of the company’s stock worth $286,000 after buying an additional 2,240 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Taser International by 102.2% in the second quarter. BNP Paribas Arbitrage SA now owns 16,404 shares of the company’s stock worth $408,000 after buying an additional 8,293 shares in the last quarter. Aperio Group LLC purchased a new stake in Taser International during the first quarter worth about $433,000. Finally, Oak Associates Ltd. OH purchased a new stake in Taser International during the first quarter worth about $493,000. 71.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Taser International Inc. (NASDAQ:TASR) traded down 0.35% during mid-day trading on Friday, hitting $25.45. 770,193 shares of the company were exchanged. The stock has a market cap of $1.33 billion, a PE ratio of 101.80 and a beta of 0.39. The stock’s 50-day moving average price is $28.21 and its 200 day moving average price is $23.09. Taser International Inc. has a 12-month low of $13.56 and a 12-month high of $30.15.
Taser International (NASDAQ:TASR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business earned $58.80 million during the quarter, compared to analysts’ expectations of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. On average, equities analysts anticipate that Taser International Inc. will post $0.27 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. set a $31.00 price objective on shares of Taser International and gave the company a “buy” rating in a research note on Friday, August 5th. Ladenburg Thalmann reiterated a “buy” rating and set a $31.00 price objective (up previously from $28.00) on shares of Taser International in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Taser International from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research note on Tuesday, July 12th. Finally, CL King upgraded shares of Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $28.63.
About Taser International
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
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