Raymond James Financial Services Advisors Inc. lifted its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 29.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,570 shares of the industrial products company’s stock after purchasing an additional 7,683 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.06% of Axon Enterprise worth $2,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aperio Group LLC increased its stake in Axon Enterprise by 33.3% during the 2nd quarter. Aperio Group LLC now owns 21,109 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 5,279 shares in the last quarter. Piedmont Investment Advisors LLC increased its stake in Axon Enterprise by 17.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 13,311 shares of the industrial products company’s stock valued at $841,000 after purchasing an additional 1,975 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Axon Enterprise by 31.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 58,158 shares of the industrial products company’s stock valued at $3,674,000 after purchasing an additional 13,870 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Axon Enterprise during the 2nd quarter valued at approximately $231,000. Finally, DSAM Partners London Ltd acquired a new position in Axon Enterprise during the 2nd quarter valued at approximately $2,211,000. 82.60% of the stock is owned by hedge funds and other institutional investors.

AAXN has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. William Blair initiated coverage on shares of Axon Enterprise in a research note on Tuesday, May 29th. They set an “outperform” rating on the stock. Craig Hallum restated a “buy” rating and set a $55.00 price target on shares of Axon Enterprise in a research note on Saturday, May 5th. Finally, Morgan Stanley initiated coverage on shares of Axon Enterprise in a research note on Monday, July 2nd. They set an “overweight” rating and a $75.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Axon Enterprise presently has a consensus rating of “Buy” and an average price target of $61.00.

AAXN stock opened at $64.15 on Friday. The firm has a market capitalization of $3.58 billion, a PE ratio of 237.59, a price-to-earnings-growth ratio of 4.55 and a beta of 0.86. Axon Enterprise Inc has a 12 month low of $20.57 and a 12 month high of $76.45.

In other news, Director Julie A. Cullivan sold 2,100 shares of the company’s stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $72.79, for a total value of $152,859.00. Following the sale, the director now directly owns 6,779 shares of the company’s stock, valued at approximately $493,443.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark W. Kroll sold 3,100 shares of the company’s stock in a transaction on Sunday, December 16th. The shares were sold at an average price of $22.85, for a total transaction of $70,835.00. Following the completion of the sale, the director now directly owns 55,135 shares in the company, valued at $1,259,834.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

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

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