Raymond James Financial Services Advisors Inc. Reduces Stake in Axon Enterprise Inc (AAXN)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,657 shares of the industrial products company’s stock after selling 4,365 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Axon Enterprise were worth $494,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Axon Enterprise by 58.0% in the third quarter. Victory Capital Management Inc. now owns 8,507 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 3,124 shares during the period. Royal Bank of Canada purchased a new stake in shares of Axon Enterprise in the second quarter valued at about $200,000. Miles Capital Inc. purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at about $214,000. Stevens Capital Management LP purchased a new stake in shares of Axon Enterprise in the third quarter valued at about $215,000. Finally, Roundview Capital LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at about $248,000. 95.87% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently issued reports on AAXN shares. BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Friday, March 2nd. Dougherty & Co reissued a “buy” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Axon Enterprise in a report on Wednesday, February 28th. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a report on Friday, November 17th. Finally, Craig Hallum set a $37.00 price objective on shares of Axon Enterprise and gave the company a “buy” rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Axon Enterprise presently has an average rating of “Buy” and an average target price of $36.14.

In other Axon Enterprise news, President Luke Larson sold 36,105 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $36.62, for a total value of $1,322,165.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Joshua Isner sold 9,301 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $36.34, for a total transaction of $337,998.34. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Axon Enterprise Inc (NASDAQ:AAXN) opened at $37.97 on Friday. Axon Enterprise Inc has a 1 year low of $20.57 and a 1 year high of $40.49. The company has a market cap of $2,048.19, a PE ratio of 154.48, a price-to-earnings-growth ratio of 4.03 and a beta of 0.88.

Axon Enterprise (NASDAQ:AAXN) last posted its earnings results on Tuesday, February 27th. The industrial products company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.21. Axon Enterprise had a net margin of 1.59% and a return on equity of 8.17%. The company had revenue of $94.65 million for the quarter, compared to analysts’ expectations of $87.88 million. research analysts predict that Axon Enterprise Inc will post 0.38 earnings per share for the current fiscal year.

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Axon Enterprise 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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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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