Stephens Investment Management Group LLC Boosts Stock Position in Axon Enterprise Inc (NASDAQ:AAXN)

Stephens Investment Management Group LLC grew its stake in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,274 shares of the industrial products company’s stock after buying an additional 4,502 shares during the period. Stephens Investment Management Group LLC’s holdings in Axon Enterprise were worth $47,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AAXN. Janus Henderson Group PLC raised its stake in Axon Enterprise by 13.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,501,104 shares of the industrial products company’s stock valued at $244,905,000 after purchasing an additional 520,055 shares during the period. Victory Capital Management Inc. raised its stake in Axon Enterprise by 25.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,002,232 shares of the industrial products company’s stock valued at $54,531,000 after purchasing an additional 205,000 shares during the period. Conestoga Capital Advisors LLC bought a new stake in Axon Enterprise during the 1st quarter valued at approximately $42,758,000. Geode Capital Management LLC raised its stake in Axon Enterprise by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 661,195 shares of the industrial products company’s stock valued at $28,927,000 after purchasing an additional 63,050 shares during the period. Finally, Norges Bank bought a new stake in Axon Enterprise during the 4th quarter valued at approximately $23,529,000. 77.56% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AAXN traded down $0.32 during trading hours on Thursday, reaching $57.54. The stock had a trading volume of 14,121 shares, compared to its average volume of 803,121. Axon Enterprise Inc has a 52 week low of $39.43 and a 52 week high of $74.93. The company’s 50 day moving average price is $65.21. The company has a market capitalization of $3.41 billion, a PE ratio of 115.16, a PEG ratio of 4.08 and a beta of 0.76.



Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.05). Axon Enterprise had a return on equity of 3.23% and a net margin of 3.34%. The firm had revenue of $112.36 million during the quarter, compared to the consensus estimate of $115.41 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Analysts anticipate that Axon Enterprise Inc will post 0.52 EPS for the current fiscal year.

In other Axon Enterprise news, CEO Patrick W. Smith sold 50,000 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $70.08, for a total value of $3,504,000.00. Following the sale, the chief executive officer now owns 701,562 shares of the company’s stock, valued at approximately $49,165,464.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of Axon Enterprise stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $66.65, for a total value of $66,650.00. Following the completion of the sale, the director now directly owns 32,657 shares in the company, valued at approximately $2,176,589.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,383 shares of company stock worth $4,603,003. Corporate insiders own 2.30% of the company’s stock.

Several analysts recently issued reports on AAXN shares. TheStreet downgraded Axon Enterprise from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. Needham & Company LLC downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Morgan Stanley lifted their target price on Axon Enterprise from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $81.00 target price (up previously from $73.00) on shares of Axon Enterprise in a research note on Thursday, June 20th. Finally, Imperial Capital raised Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 target price on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.22.

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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