180 Wealth Advisors LLC Purchases Shares of 370 Axon Enterprise, Inc. (NASDAQ:AXON)

180 Wealth Advisors LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 370 shares of the biotechnology company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AXON. DekaBank Deutsche Girozentrale increased its holdings in shares of Axon Enterprise by 32.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,450 shares of the biotechnology company’s stock worth $6,689,000 after buying an additional 5,464 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Axon Enterprise by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,908 shares of the biotechnology company’s stock worth $23,512,000 after buying an additional 8,575 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth $366,000. Dimensional Fund Advisors LP increased its holdings in shares of Axon Enterprise by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 186,473 shares of the biotechnology company’s stock worth $54,874,000 after buying an additional 17,905 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Axon Enterprise by 86.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 3,844 shares of the biotechnology company’s stock worth $1,131,000 after buying an additional 1,778 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $580.00 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The firm has a 50-day moving average of $612.80 and a two-hundred day moving average of $454.94. The stock has a market cap of $44.23 billion, a P/E ratio of 149.87, a PEG ratio of 14.19 and a beta of 1.04. Axon Enterprise, Inc. has a 1-year low of $246.99 and a 1-year high of $698.67.

Insider Transactions at Axon Enterprise

In other news, President Joshua Isner sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the transaction, the president now owns 208,166 shares of the company’s stock, valued at approximately $126,179,820.90. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the transaction, the insider now directly owns 154,394 shares in the company, valued at $91,691,508.72. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,545 shares of company stock valued at $30,721,337. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

AXON has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. TD Cowen initiated coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target for the company. The Goldman Sachs Group increased their price target on Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC increased their price target on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities increased their price target on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $504.92.

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.