CENTRAL TRUST Co lifted its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 6,708 shares of the industrial products company’s stock after purchasing an additional 222 shares during the quarter. CENTRAL TRUST Co’s holdings in Axon Enterprise were worth $294,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock worth $432,647,000 after purchasing an additional 238,066 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Axon Enterprise by 135.8% in the third quarter. Marshall Wace LLP now owns 65,882 shares of the industrial products company’s stock worth $4,508,000 after purchasing an additional 37,940 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Axon Enterprise in the third quarter worth $236,000. Vanguard Group Inc. lifted its holdings in shares of Axon Enterprise by 3.9% in the third quarter. Vanguard Group Inc. now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after buying an additional 238,066 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Axon Enterprise by 23.8% in the third quarter. Morgan Stanley now owns 435,994 shares of the industrial products company’s stock valued at $29,836,000 after buying an additional 83,938 shares during the period. 78.14% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. CL King restated a “hold” rating on shares of Axon Enterprise in a report on Monday, October 22nd. Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. LADENBURG THALM/SH SH lowered Axon Enterprise from a “buy” rating to a “neutral” rating and set a $77.00 price objective for the company. in a report on Monday, October 15th. BidaskClub upgraded Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Northcoast Research assumed coverage on Axon Enterprise in a report on Tuesday, October 2nd. They issued a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $63.18.
Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. The business had revenue of $104.84 million during the quarter, compared to the consensus estimate of $103.06 million. During the same period in the prior year, the business posted $0.01 earnings per share. Axon Enterprise’s revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Axon Enterprise Inc will post 0.52 EPS for the current year.
In related news, Director Mark W. Kroll sold 3,100 shares of the stock in a transaction dated Sunday, December 16th. The stock was sold at an average price of $22.85, for a total value of $70,835.00. Following the completion of the sale, the director now directly owns 55,135 shares of the company’s stock, valued at approximately $1,259,834.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $62.09, for a total value of $62,090.00. Following the completion of the sale, the director now directly owns 36,261 shares of the company’s stock, valued at $2,251,445.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,100 shares of company stock valued at $4,655,815. 2.40% of the stock is currently owned by company insiders.
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Axon Enterprise Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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