Louisiana State Employees Retirement System bought a new position in TASER International, Inc. (NASDAQ:AAXN) during the second quarter, Holdings Channel reports. The institutional investor bought 21,500 shares of the industrial products company’s stock, valued at approximately $541,000.
Other large investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership purchased a new stake in TASER International during the first quarter worth $31,718,000. Columbia Wanger Asset Management LLC bought a new stake in shares of TASER International during the first quarter worth approximately $14,841,000. Granahan Investment Management Inc. MA bought a new stake in shares of TASER International during the first quarter worth approximately $9,850,000. Geode Capital Management LLC bought a new stake in shares of TASER International during the first quarter worth approximately $9,803,000. Finally, Cortina Asset Management LLC bought a new stake in shares of TASER International during the first quarter worth approximately $7,597,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Shares of TASER International, Inc. (NASDAQ:AAXN) traded down 0.804% during midday trading on Thursday, hitting $22.835. The stock had a trading volume of 562,577 shares. TASER International, Inc. has a 52 week low of $21.18 and a 52 week high of $29.80. The stock has a 50-day moving average of $25.28 and a 200 day moving average of $24.60. The stock has a market cap of $1.20 billion, a PE ratio of 71.359 and a beta of 0.96.
TASER International (NASDAQ:AAXN) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.70%. The firm had revenue of $79.64 million during the quarter, compared to analyst estimates of $74.46 million. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. Analysts anticipate that TASER International, Inc. will post $0.26 EPS for the current fiscal year.
A number of brokerages have recently commented on AAXN. Zacks Investment Research upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Craig Hallum increased their price objective on TASER International from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, ValuEngine downgraded TASER International from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.33.
TASER International Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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