Sumitomo Mitsui Trust Group Inc. Has $63.67 Million Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,322 shares of the biotechnology company’s stock after buying an additional 3,924 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Axon Enterprise were worth $63,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXON. Quent Capital LLC boosted its stake in Axon Enterprise by 1,875.0% during the 3rd quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Axon Enterprise by 987.5% in the second quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after purchasing an additional 79 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Axon Enterprise during the third quarter valued at approximately $51,000. Reston Wealth Management LLC bought a new stake in Axon Enterprise during the third quarter worth $60,000. Finally, Asset Dedication LLC purchased a new stake in Axon Enterprise in the 2nd quarter valued at $47,000. 79.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AXON. Northland Securities lifted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday. Craig Hallum upped their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays upped their target price on Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, JMP Securities lifted their price target on Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $427.83.

Insider Activity at Axon Enterprise

In other news, Director Jeri Williams sold 110 shares of Axon Enterprise stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $400.00, for a total value of $44,000.00. Following the completion of the transaction, the director now owns 1,934 shares in the company, valued at $773,600. This trade represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Joshua Isner sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the sale, the president now owns 208,166 shares in the company, valued at $126,179,820.90. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 411,006 shares of company stock worth $161,360,618. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 0.5 %

Shares of NASDAQ AXON opened at $604.56 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $46.10 billion, a PE ratio of 156.22, a P/E/G ratio of 14.95 and a beta of 0.94. Axon Enterprise, Inc. has a one year low of $220.77 and a one year high of $624.84. The business’s fifty day moving average price is $433.89 and its 200-day moving average price is $355.28.

Axon Enterprise Company 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.