Mayfair Advisory Group LLC Makes New $247,000 Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Mayfair Advisory Group LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, Holdings Channel reports. The fund acquired 415 shares of the biotechnology company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXON. Groupama Asset Managment purchased a new position in shares of Axon Enterprise in the 3rd quarter worth $200,000. Massachusetts Financial Services Co. MA bought a new position in shares of Axon Enterprise in the 3rd quarter valued at about $120,553,000. International Assets Investment Management LLC bought a new position in shares of Axon Enterprise in the 3rd quarter valued at about $871,860,000. Westfield Capital Management Co. LP increased its stake in Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after acquiring an additional 127,769 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in Axon Enterprise by 44.0% during the second quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock valued at $110,546,000 after purchasing an additional 114,800 shares during the period. 79.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AXON shares. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. JMP Securities lifted their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC raised their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $504.92.

Insider Buying and Selling at Axon Enterprise

In related news, President Joshua Isner sold 20,000 shares of Axon Enterprise stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the sale, the president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey C. Kunins sold 2,304 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total transaction of $1,508,636.16. Following the transaction, the insider now owns 128,542 shares in the company, valued at approximately $84,168,016.18. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,545 shares of company stock valued at $30,721,337 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

Axon Enterprise stock opened at $579.80 on Wednesday. Axon Enterprise, Inc. has a fifty-two week low of $246.99 and a fifty-two week high of $698.67. The company has a market capitalization of $44.21 billion, a PE ratio of 149.82, a P/E/G ratio of 14.19 and a beta of 1.04. The company has a 50 day moving average price of $610.03 and a 200-day moving average price of $452.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

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.