Great Lakes Retirement Inc. Trims Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Great Lakes Retirement Inc. reduced its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,814 shares of the biotechnology company’s stock after selling 59 shares during the period. Great Lakes Retirement Inc.’s holdings in Axon Enterprise were worth $2,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC grew its stake in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after buying an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise during the fourth quarter worth $40,000. Brooklyn Investment Group purchased a new stake in Axon Enterprise in the third quarter valued at $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise in the 4th quarter valued at $45,000. Finally, Planning Capital Management Corp increased its position in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 55 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Stock Down 1.3 %

Axon Enterprise stock opened at $669.26 on Wednesday. The stock’s fifty day moving average is $624.25 and its two-hundred day moving average is $501.43. The stock has a market cap of $51.03 billion, a PE ratio of 172.94, a P/E/G ratio of 6.79 and a beta of 1.05. Axon Enterprise, Inc. has a 1-year low of $255.68 and a 1-year high of $698.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Insiders Place Their Bets

In other news, insider Jeffrey C. Kunins sold 2,304 shares of Axon Enterprise stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total value of $1,508,636.16. Following the transaction, the insider now directly owns 128,542 shares of the company’s stock, valued at $84,168,016.18. The trade was a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Joshua Isner sold 1,291 shares of Axon Enterprise stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $642.43, for a total transaction of $829,377.13. Following the completion of the transaction, the president now owns 181,892 shares in the company, valued at approximately $116,852,877.56. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,711 shares of company stock valued at $5,631,561. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. Northland Securities boosted their price objective on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. JMP Securities raised their target price on Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC increased their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $542.15.

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.