Axon Enterprise, Inc. (NASDAQ:AXON) Stake Raised by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,353 shares of the biotechnology company’s stock after acquiring an additional 61 shares during the quarter. Mackenzie Financial Corp’s holdings in Axon Enterprise were worth $1,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in Axon Enterprise in the fourth quarter worth about $32,000. Provence Wealth Management Group bought a new stake in Axon Enterprise in the third quarter worth about $80,000. Clearstead Advisors LLC raised its position in Axon Enterprise by 35.0% in the third quarter. Clearstead Advisors LLC now owns 440 shares of the biotechnology company’s stock worth $88,000 after acquiring an additional 114 shares in the last quarter. Signaturefd LLC raised its position in Axon Enterprise by 16.1% in the third quarter. Signaturefd LLC now owns 475 shares of the biotechnology company’s stock worth $95,000 after acquiring an additional 66 shares in the last quarter. Finally, Covestor Ltd raised its position in Axon Enterprise by 26.3% in the third quarter. Covestor Ltd now owns 566 shares of the biotechnology company’s stock worth $113,000 after acquiring an additional 118 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AXON shares. TheStreet downgraded Axon Enterprise from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price objective on Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Robert W. Baird boosted their price objective on Axon Enterprise from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. The Goldman Sachs Group boosted their price objective on Axon Enterprise from $297.00 to $339.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC boosted their price objective on Axon Enterprise from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Axon Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $312.64.

Axon Enterprise Trading Up 2.6 %

Shares of NASDAQ AXON opened at $301.56 on Wednesday. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 131.11 and a beta of 0.93. The business has a 50 day simple moving average of $302.15 and a 200 day simple moving average of $260.29. Axon Enterprise, Inc. has a 52 week low of $175.37 and a 52 week high of $329.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.48 by $0.29. The business had revenue of $432.14 million during the quarter, compared to analysts’ expectations of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. On average, research analysts predict that Axon Enterprise, Inc. will post 2.44 earnings per share for the current fiscal year.

About Axon Enterprise

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.