Axon Enterprise, Inc $AXON Holdings Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in Axon Enterprise, Inc (NASDAQ:AXON) by 11,217.5% during the third quarter, HoldingsChannel reports. The fund owned 895,780 shares of the biotechnology company’s stock after buying an additional 887,865 shares during the period. Axon Enterprise comprises approximately 1.0% of TD Waterhouse Canada Inc.’s holdings, making the stock its 25th largest position. TD Waterhouse Canada Inc.’s holdings in Axon Enterprise were worth $378,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Banque Pictet & Cie SA bought a new position in shares of Axon Enterprise during the third quarter valued at $308,000. Cyndeo Wealth Partners LLC bought a new position in Axon Enterprise in the 3rd quarter worth about $115,415,000. Pension & Wealth Management Advisors Inc. boosted its stake in Axon Enterprise by 836.4% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 7,454 shares of the biotechnology company’s stock worth $3,149,000 after purchasing an additional 6,658 shares in the last quarter. Howard Capital Management LLC boosted its stake in Axon Enterprise by 8,465.0% in the 3rd quarter. Howard Capital Management LLC now owns 174,983 shares of the biotechnology company’s stock worth $73,934,000 after purchasing an additional 172,940 shares in the last quarter. Finally, Granite Islands Private Wealth LLC grew its position in Axon Enterprise by 3.5% during the 3rd quarter. Granite Islands Private Wealth LLC now owns 3,868 shares of the biotechnology company’s stock valued at $1,629,000 after purchasing an additional 130 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, CEO Patrick Smith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total transaction of $5,089,900.00. Following the transaction, the chief executive officer owned 3,118,012 shares in the company, valued at approximately $1,587,036,927.88. This represents a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Isaiah Fields sold 1,017 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $480.45, for a total transaction of $488,617.65. Following the sale, the insider directly owned 56,264 shares in the company, valued at approximately $27,032,038.80. The trade was a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,397 shares of company stock worth $26,722,984 over the last quarter. 4.20% of the stock is currently owned by insiders.

Axon Enterprise Stock Down 6.4%

Shares of AXON stock traded down $26.90 during mid-day trading on Friday, hitting $390.29. The company’s stock had a trading volume of 1,420,893 shares, compared to its average volume of 983,036. Axon Enterprise, Inc has a 52-week low of $339.01 and a 52-week high of $764.02. The business has a 50-day moving average price of $501.59 and a 200 day moving average price of $474.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 161.95, a PEG ratio of 7.85 and a beta of 1.44.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.04. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%. The firm had revenue of $904.39 million for the quarter, compared to the consensus estimate of $876.42 million. During the same period in the prior year, the company posted $2.12 earnings per share. The company’s quarterly revenue was up 35.3% on a year-over-year basis. Research analysts predict that Axon Enterprise, Inc will post 2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Axon Enterprise in a research note on Thursday, September 17th. TD Cowen reaffirmed a “buy” rating on shares of Axon Enterprise in a report on Tuesday. UBS Group upped their target price on shares of Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Raymond James Financial set a $675.00 price target on shares of Axon Enterprise in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Axon Enterprise in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $718.47.

About Axon Enterprise

Axon Enterprise, Inc develops technology and connected systems for public safety and law enforcement agencies. Its product portfolio includes TASER conducted energy weapons, body-worn cameras, in-car cameras and other recording devices designed to support safer interactions, improve accountability and document incidents.

The company also provides cloud-based software for managing digital evidence, reports, records and agency operations. Its Axon platform connects hardware with services such as evidence management, real-time operations, computer-aided dispatch and other workflow tools, enabling agencies to store, organize and share information across their organizations.

Founded in 1993 as AIR TASER by Rick Smith and Tom Smith, the company later operated as TASER International before adopting the name Axon Enterprise in 2017.