First Trust Advisors LP raised its holdings in shares of TASER International, Inc. (NASDAQ:AAXN) by 126.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,374 shares of the industrial products company’s stock after purchasing an additional 25,310 shares during the quarter. First Trust Advisors LP owned 0.09% of TASER International worth $1,029,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of AAXN. LS Investment Advisors LLC acquired a new position in shares of TASER International in the 2nd quarter worth approximately $150,000. Louisiana State Employees Retirement System acquired a new position in shares of TASER International in the 2nd quarter worth approximately $541,000. Aperio Group LLC acquired a new position in shares of TASER International in the 2nd quarter worth approximately $364,000. Municipal Employees Retirement System of Michigan grew its position in shares of TASER International by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after acquiring an additional 500 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in shares of TASER International in the 2nd quarter worth approximately $1,908,000. Institutional investors own 95.76% of the company’s stock.
AAXN has been the subject of several research reports. ValuEngine upgraded TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded TASER International from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 31st. Oppenheimer restated a “hold” rating on shares of TASER International in a research report on Friday, November 17th. Dougherty & Co reduced their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, BidaskClub lowered TASER International from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. TASER International has an average rating of “Hold” and a consensus target price of $28.50.
TASER International (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). TASER International had a net margin of 4.32% and a return on equity of 7.91%. The company had revenue of $90.26 million for the quarter, compared to analyst estimates of $82.89 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts forecast that TASER International, Inc. will post 0.17 earnings per share for the current year.
TASER International Profile
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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