Ellenbecker Investment Group Purchases Shares of 887 Axon Enterprise, Inc. (NASDAQ:AXON)

Ellenbecker Investment Group acquired a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 887 shares of the biotechnology company’s stock, valued at approximately $229,000.

A number of other hedge funds have also made changes to their positions in the stock. BKM Wealth Management LLC bought a new stake in Axon Enterprise during the fourth quarter worth approximately $32,000. Key Financial Inc boosted its stake in Axon Enterprise by 367.6% in the 4th quarter. Key Financial Inc now owns 159 shares of the biotechnology company’s stock worth $41,000 after purchasing an additional 125 shares during the period. Lindbrook Capital LLC boosted its stake in Axon Enterprise by 43.3% in the 4th quarter. Lindbrook Capital LLC now owns 172 shares of the biotechnology company’s stock worth $44,000 after purchasing an additional 52 shares during the period. Rakuten Securities Inc. acquired a new position in Axon Enterprise in the 4th quarter worth approximately $48,000. Finally, Provence Wealth Management Group purchased a new stake in Axon Enterprise in the 3rd quarter worth approximately $80,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

AXON traded up $7.76 during trading on Tuesday, hitting $301.56. The stock had a trading volume of 461,377 shares, compared to its average volume of 470,651. The firm has a market cap of $22.76 billion, a PE ratio of 130.05 and a beta of 0.93. Axon Enterprise, Inc. has a 12 month low of $175.37 and a 12 month high of $329.87. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $301.41 and a 200-day simple moving average of $259.57.

Axon Enterprise (NASDAQ:AXON) last announced its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.48 by $0.29. The firm had revenue of $432.14 million for the quarter, compared to the consensus estimate of $418.97 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. Analysts expect that Axon Enterprise, Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AXON shares. JMP Securities increased their target price on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 6th. Robert W. Baird increased their target price on shares of Axon Enterprise from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Morgan Stanley increased their target price on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Argus assumed coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price target on the stock. Finally, Needham & Company LLC raised their price target on shares of Axon Enterprise from $315.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $312.64.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.