Ashburton Jersey Ltd Has $3.95 Million Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Ashburton Jersey Ltd lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,307 shares of the biotechnology company’s stock after purchasing an additional 988 shares during the quarter. Axon Enterprise accounts for approximately 1.8% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 16th largest holding. Ashburton Jersey Ltd’s holdings in Axon Enterprise were worth $3,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AXON. BKM Wealth Management LLC acquired a new stake in Axon Enterprise during the fourth quarter worth $32,000. Key Financial Inc boosted its position in shares of Axon Enterprise by 367.6% during the 4th quarter. Key Financial Inc now owns 159 shares of the biotechnology company’s stock valued at $41,000 after acquiring an additional 125 shares in the last quarter. Lindbrook Capital LLC increased its stake in Axon Enterprise by 43.3% in the fourth quarter. Lindbrook Capital LLC now owns 172 shares of the biotechnology company’s stock valued at $44,000 after acquiring an additional 52 shares during the period. Rakuten Securities Inc. acquired a new position in Axon Enterprise in the fourth quarter worth about $48,000. Finally, GAMMA Investing LLC acquired a new position in Axon Enterprise in the fourth quarter worth about $83,000. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Price Performance

Shares of AXON traded up $4.10 during mid-day trading on Thursday, hitting $315.67. 142,401 shares of the company traded hands, compared to its average volume of 466,115. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 135.47 and a beta of 0.91. The business has a 50-day moving average of $306.97 and a 200 day moving average of $263.93. Axon Enterprise, Inc. has a one year low of $175.37 and a one year high of $329.87.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.48 by $0.29. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. The company had revenue of $432.14 million during the quarter, compared to analysts’ expectations of $418.97 million. As a group, equities analysts expect that Axon Enterprise, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AXON. JPMorgan Chase & Co. upped their price objective on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. StockNews.com cut Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Argus started coverage on Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price objective for the company. JMP Securities upped their target price on shares of Axon Enterprise from $320.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Axon Enterprise in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $323.09.

Axon Enterprise Company Profile

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.