Municipal Employees Retirement System of Michigan lifted its position in shares of TASER International, Inc. (NASDAQ:AAXN) by 58.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,780 shares of the industrial products company’s stock after purchasing an additional 7,320 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in TASER International were worth $448,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of AAXN. Verition Fund Management LLC purchased a new stake in TASER International in the 2nd quarter valued at $369,000. Teachers Retirement System of The State of Kentucky purchased a new stake in TASER International in the 2nd quarter valued at $425,000. BlackRock Inc. purchased a new stake in TASER International in the 2nd quarter valued at $189,870,000. JPMorgan Chase & Co. purchased a new stake in TASER International in the 2nd quarter valued at $4,363,000. Finally, State of Tennessee Treasury Department purchased a new stake in TASER International in the 2nd quarter valued at $1,229,000. 95.76% of the stock is currently owned by institutional investors.
AAXN has been the subject of a number of analyst reports. Zacks Investment Research lowered TASER International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. BidaskClub lowered TASER International from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reissued a “hold” rating on shares of TASER International in a research report on Friday, November 17th. Dougherty & Co lowered their price target 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, ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.50.
TASER International (NASDAQ:AAXN) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $90.26 million during the quarter, compared to the consensus estimate of $82.89 million. TASER International had a net margin of 4.32% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. equities analysts forecast that TASER International, Inc. will post 0.17 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/12/07/taser-international-inc-aaxn-holdings-boosted-by-municipal-employees-retirement-system-of-michigan.html.
TASER International Company 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.
Want to see what other hedge funds are holding AAXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TASER International, Inc. (NASDAQ:AAXN).
Receive News & Ratings for TASER International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TASER International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.