Fred Alger Management LLC Has $12.36 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Fred Alger Management LLC increased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,935 shares of the biotechnology company’s stock after buying an additional 930 shares during the quarter. Fred Alger Management LLC’s holdings in Axon Enterprise were worth $12,362,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Axon Enterprise by 2.6% during the third quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company’s stock valued at $4,958,000 after purchasing an additional 320 shares during the period. Kingfisher Capital LLC acquired a new stake in Axon Enterprise during the third quarter worth $302,000. Capstone Investment Advisors LLC increased its holdings in Axon Enterprise by 14.1% in the 3rd quarter. Capstone Investment Advisors LLC now owns 1,438 shares of the biotechnology company’s stock valued at $575,000 after buying an additional 178 shares during the period. Martingale Asset Management L P acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $252,000. Finally, Vinva Investment Management Ltd bought a new position in shares of Axon Enterprise during the 3rd quarter worth about $1,272,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling

In other Axon Enterprise news, CEO Patrick W. Smith sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $356.53, for a total transaction of $26,739,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,970,366 shares of the company’s stock, valued at approximately $1,059,024,589.98. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Joshua Isner sold 25,811 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $359.84, for a total transaction of $9,287,830.24. Following the transaction, the president now owns 228,166 shares in the company, valued at approximately $82,103,253.44. The trade was a 10.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,256 shares of company stock worth $87,783,120 in the last quarter. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

AXON has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. JMP Securities upped their price objective on Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays upped their price target on Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, Craig Hallum lifted their price objective on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and an average price target of $427.83.

Axon Enterprise Trading Up 1.9 %

Shares of NASDAQ AXON opened at $646.96 on Friday. Axon Enterprise, Inc. has a 1-year low of $224.28 and a 1-year high of $652.22. The company has a 50-day moving average of $483.18 and a two-hundred day moving average of $376.61. The company has a market cap of $49.33 billion, a PE ratio of 167.17, a P/E/G ratio of 13.97 and a beta of 0.94. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

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.