California Public Employees Retirement System reduced its position in shares of Taser International Inc. (NASDAQ:TASR) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,100 shares of the company’s stock after selling 4,700 shares during the period. California Public Employees Retirement System owned 0.31% of Taser International worth $4,058,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in Taser International during the second quarter worth approximately $211,000. IFP Advisors Inc increased 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 during the period. BNP Paribas Arbitrage SA increased 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 during the period. Aperio Group LLC acquired a new stake in Taser International during the first quarter worth approximately $433,000. Finally, Oak Associates Ltd. OH acquired a new stake in Taser International during the first quarter worth approximately $493,000. 71.54% of the stock is owned by institutional investors.

Taser International Inc. (NASDAQ:TASR) traded up 4.35% during mid-day trading on Wednesday, reaching $27.57. The company had a trading volume of 1,077,647 shares. The firm has a market capitalization of $1.44 billion, a P/E ratio of 110.28 and a beta of 0.39. The stock’s 50-day moving average is $27.77 and its 200 day moving average is $23.31. 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The company earned $58.80 million during the quarter, compared to analyst estimates of $54.25 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts predict that Taser International Inc. will post $0.27 earnings per share for the current fiscal year.

A number of research firms have commented on TASR. Ladenburg Thalmann reissued a “buy” rating and issued a $28.00 target price on shares of Taser International in a report on Friday, July 1st. Zacks Investment Research raised Taser International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, June 30th. Dougherty & Co reissued a “buy” rating and issued a $23.00 target price on shares of Taser International in a report on Thursday, June 23rd. CL King upgraded Taser International from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, July 6th. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Taser International in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.63.

Taser International Company Profile

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).

5 Day Chart for NASDAQ:TASR

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