Russell Investments Group Ltd. increased its position in Axon Enterprise Inc (NASDAQ:AAXN) by 16.2% in the first quarter, HoldingsChannel reports. The firm owned 106,661 shares of the industrial products company’s stock after acquiring an additional 14,901 shares during the period. Russell Investments Group Ltd.’s holdings in Axon Enterprise were worth $7,505,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AAXN. Norges Bank acquired a new position in Axon Enterprise in the 4th quarter worth approximately $45,746,000. Janus Henderson Group PLC boosted its stake in Axon Enterprise by 13.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,600,214 shares of the industrial products company’s stock worth $190,544,000 after purchasing an additional 299,281 shares during the period. Goldman Sachs Group Inc. boosted its stake in Axon Enterprise by 120.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 455,202 shares of the industrial products company’s stock worth $33,357,000 after purchasing an additional 248,267 shares during the period. Standard Life Aberdeen plc boosted its stake in Axon Enterprise by 31.5% in the 4th quarter. Standard Life Aberdeen plc now owns 789,450 shares of the industrial products company’s stock worth $57,879,000 after purchasing an additional 189,191 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Axon Enterprise by 6.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,587,234 shares of the industrial products company’s stock worth $189,593,000 after purchasing an additional 161,006 shares during the period. 90.34% of the stock is owned by hedge funds and other institutional investors.

AAXN has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Robert W. Baird lifted their target price on shares of Axon Enterprise from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Oppenheimer initiated coverage on shares of Axon Enterprise in a research note on Tuesday, April 28th. They set a “hold” rating for the company. JMP Securities lifted their target price on shares of Axon Enterprise from $93.00 to $102.00 and gave the company a “market outperform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Axon Enterprise from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $83.86.

In other news, Director Richard H. Carmona sold 45,067 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $85.29, for a total transaction of $3,843,764.43. Following the transaction, the director now owns 38,662 shares in the company, valued at approximately $3,297,481.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick W. Smith sold 29,081 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $80.33, for a total transaction of $2,336,076.73. Following the transaction, the chief executive officer now owns 690,115 shares in the company, valued at approximately $55,436,937.95. The disclosure for this sale can be found here. Insiders have sold a total of 124,174 shares of company stock worth $10,197,595 in the last 90 days. 1.90% of the stock is owned by insiders.

Axon Enterprise stock opened at $76.56 on Friday. The firm’s fifty day simple moving average is $73.37 and its 200-day simple moving average is $72.90. Axon Enterprise Inc has a 1-year low of $49.80 and a 1-year high of $90.10.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.51. The business had revenue of $147.16 million for the quarter, compared to the consensus estimate of $131.92 million. Axon Enterprise had a negative net margin of 0.26% and a negative return on equity of 0.28%. Axon Enterprise’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. On average, research analysts expect that Axon Enterprise Inc will post -0.02 EPS for the current year.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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

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