Raymond James Financial Services Advisors Inc. reduced its position in Axon Enterprise Inc (NASDAQ:AAXN) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,657 shares of the industrial products company’s stock after selling 4,365 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Axon Enterprise were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AAXN. Victory Capital Management Inc. lifted its stake in shares of Axon Enterprise by 58.0% in the 3rd quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 3,124 shares during the period. Royal Bank of Canada acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at $200,000. Miles Capital Inc. acquired a new position in shares of Axon Enterprise in the 4th quarter valued at $214,000. Stevens Capital Management LP acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $215,000. Finally, Roundview Capital LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at $248,000. Hedge funds and other institutional investors own 95.87% of the company’s stock.

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In related news, CRO Joshua Isner sold 9,301 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $36.34, for a total value of $337,998.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Luke Larson sold 36,105 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $36.62, for a total transaction of $1,322,165.10. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Several research firms recently issued reports on AAXN. CL King cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Friday. They noted that the move was a valuation call. Sidoti cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, March 5th. They noted that the move was a valuation call. BidaskClub cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Ladenburg Thalmann Financial Services raised shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, December 21st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.14.

Shares of Axon Enterprise Inc (NASDAQ AAXN) opened at $37.97 on Friday. The company has a market cap of $2,048.19, a price-to-earnings ratio of 154.48, a P/E/G ratio of 4.03 and a beta of 0.88. Axon Enterprise Inc has a 1-year low of $20.57 and a 1-year high of $40.49.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.21. The company had revenue of $94.65 million during the quarter, compared to analyst estimates of $87.88 million. Axon Enterprise had a net margin of 1.59% and a return on equity of 8.17%. analysts anticipate that Axon Enterprise Inc will post 0.38 earnings per share for the current year.

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Axon Enterprise 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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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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