Schwab Charles Investment Management Inc. Purchases New Holdings in TASER International, Inc. (AAXN)

Schwab Charles Investment Management Inc. purchased a new stake in TASER International, Inc. (NASDAQ:AAXN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 223,666 shares of the industrial products company’s stock, valued at approximately $5,623,000. Schwab Charles Investment Management Inc. owned approximately 0.42% of TASER International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAXN. Municipal Employees Retirement System of Michigan purchased a new position in TASER International in the 1st quarter valued at about $273,000. Geode Capital Management LLC bought a new position in shares of TASER International during the first quarter worth about $9,803,000. New York State Teachers Retirement System bought a new position in shares of TASER International during the first quarter worth about $1,289,000. Granahan Investment Management Inc. MA bought a new position in shares of TASER International during the first quarter worth about $9,850,000. Finally, Capstone Asset Management Co. bought a new position in shares of TASER International during the second quarter worth about $434,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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A number of brokerages have issued reports on AAXN. ValuEngine raised shares of TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of TASER International from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.

TASER International, Inc. (NASDAQ:AAXN) opened at 24.45 on Friday. The firm has a 50-day moving average of $23.02 and a 200-day moving average of $23.95. TASER International, Inc. has a one year low of $21.18 and a one year high of $28.49. The company has a market cap of $1.29 billion, a PE ratio of 76.41 and a beta of 0.98.

TASER International (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. On average, analysts predict that TASER International, Inc. will post $0.24 EPS for the current year.

About TASER International

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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Institutional Ownership by Quarter for TASER International (NASDAQ:AAXN)

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