New York State Common Retirement Fund raised its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 338,918 shares of the industrial products company’s stock after purchasing an additional 28,060 shares during the quarter. New York State Common Retirement Fund owned approximately 0.64% of Axon Enterprise worth $7,683,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Axon Enterprise by 29.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,137 shares of the industrial products company’s stock worth $3,177,000 after acquiring an additional 32,132 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Axon Enterprise by 81.7% during the third quarter. BNP Paribas Arbitrage SA now owns 29,279 shares of the industrial products company’s stock worth $664,000 after purchasing an additional 13,168 shares during the last quarter. Stevens Capital Management LP bought a new stake in Axon Enterprise during the third quarter worth $215,000. Bridge City Capital LLC lifted its stake in Axon Enterprise by 8.7% during the third quarter. Bridge City Capital LLC now owns 30,257 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 2,423 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Axon Enterprise during the third quarter worth $453,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Dougherty & Co lowered their target price on Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, October 31st. Oppenheimer reiterated a “hold” rating on shares of Axon Enterprise in a report on Wednesday, November 8th. Finally, ValuEngine upgraded Axon Enterprise from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Axon Enterprise currently has an average rating of “Hold” and a consensus price target of $29.20.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Axon Enterprise had a return on equity of 7.91% and a net margin of 4.32%. The business had revenue of $90.26 million for the quarter, compared to analyst estimates of $82.89 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. equities research analysts expect that Axon Enterprise Inc will post 0.14 EPS for the current year.
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About Axon Enterprise
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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