24,200 Shares in TASER International, Inc. (AAXN) Purchased by People s United Financial Inc.
People s United Financial Inc. bought a new stake in TASER International, Inc. (NASDAQ:AAXN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,200 shares of the industrial products company’s stock, valued at approximately $608,000.
A number of other large investors also recently added to or reduced their stakes in AAXN. PNC Financial Services Group Inc. purchased a new position in TASER International in the second quarter valued at $102,000. Parallel Advisors LLC boosted its holdings in TASER International by 13.5% in the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 500 shares during the period. SG Americas Securities LLC purchased a new position in TASER International in the second quarter valued at $118,000. FNY Partners Fund LP boosted its holdings in TASER International by 25.0% in the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,000 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in TASER International in the second quarter valued at $135,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Shares of TASER International, Inc. (AAXN) opened at 23.64 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 73.88 and a beta of 0.98. The firm has a 50-day moving average price of $23.02 and a 200-day moving average price of $23.93. TASER International, Inc. has a 1-year low of $21.18 and a 1-year high of $28.99.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm had revenue of $79.64 million during the quarter, compared to analysts’ expectations of $74.46 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. On average, analysts forecast that TASER International, Inc. will post $0.24 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. TASER International presently has a consensus rating of “Hold” and a consensus target price of $27.50.
TASER International Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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