Cerity Partners LLC Boosts Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Cerity Partners LLC boosted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,405 shares of the biotechnology company’s stock after purchasing an additional 901 shares during the quarter. Cerity Partners LLC’s holdings in Axon Enterprise were worth $2,171,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXON. ICA Group Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in shares of Axon Enterprise during the first quarter valued at approximately $29,000. BKM Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $32,000. First Capital Advisors Group LLC. purchased a new stake in shares of Axon Enterprise during the second quarter valued at approximately $33,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Axon Enterprise during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Down 1.3 %

AXON stock opened at $293.61 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. Axon Enterprise, Inc. has a 1-year low of $175.37 and a 1-year high of $329.87. The firm has a fifty day moving average price of $300.87 and a two-hundred day moving average price of $257.97. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of 127.65 and a beta of 0.93.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AXON shares. Barclays lifted their price target on shares of Axon Enterprise from $296.00 to $308.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. JMP Securities upped their price target on shares of Axon Enterprise from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $297.00 to $339.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley upped their price target on shares of Axon Enterprise from $250.00 to $285.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Finally, Argus initiated coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They issued a “buy” rating and a $380.00 price target on the stock. Two equities 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.64.

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.