Teachers Retirement System of The State of Kentucky Sells 161 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Teachers Retirement System of The State of Kentucky cut its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,645 shares of the biotechnology company’s stock after selling 161 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Axon Enterprise were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Axon Enterprise by 987.5% during the second quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after buying an additional 79 shares during the period. Trivant Custom Portfolio Group LLC acquired a new position in Axon Enterprise during the first quarter worth $31,000. First PREMIER Bank acquired a new stake in Axon Enterprise in the 1st quarter valued at $33,000. Rise Advisors LLC lifted its position in Axon Enterprise by 49.0% during the 1st quarter. Rise Advisors LLC now owns 143 shares of the biotechnology company’s stock worth $45,000 after buying an additional 47 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Axon Enterprise during the 2nd quarter worth about $47,000. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON opened at $421.80 on Friday. The company’s 50 day simple moving average is $363.44 and its 200 day simple moving average is $322.68. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.88 and a quick ratio of 2.52. Axon Enterprise, Inc. has a 1 year low of $192.63 and a 1 year high of $422.33. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 123.33, a price-to-earnings-growth ratio of 10.84 and a beta of 0.94.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Tuesday, August 6th. The biotechnology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.18. Axon Enterprise had a return on equity of 9.34% and a net margin of 16.06%. The company had revenue of $504.00 million for the quarter, compared to analyst estimates of $478.35 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. As a group, research analysts predict that Axon Enterprise, Inc. will post 1.79 EPS for the current fiscal year.

Insider Buying and Selling at Axon Enterprise

In other news, CEO Patrick W. Smith sold 4,767 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $404.14, for a total value of $1,926,535.38. Following the completion of the transaction, the chief executive officer now owns 2,925,060 shares of the company’s stock, valued at approximately $1,182,133,748.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick W. Smith sold 4,767 shares of Axon Enterprise stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $404.14, for a total transaction of $1,926,535.38. Following the sale, the chief executive officer now directly owns 2,925,060 shares of the company’s stock, valued at approximately $1,182,133,748.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick W. Smith sold 47,314 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $400.07, for a total transaction of $18,928,911.98. Following the completion of the transaction, the chief executive officer now directly owns 2,983,802 shares of the company’s stock, valued at approximately $1,193,729,666.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,172 shares of company stock worth $136,562,182 over the last 90 days. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

AXON has been the topic of several analyst reports. Bank of America assumed coverage on Axon Enterprise in a report on Wednesday, July 17th. They set a “buy” rating and a $380.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Axon Enterprise in a report on Wednesday, August 7th. JMP Securities boosted their target price on shares of Axon Enterprise from $375.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Northland Securities increased their price target on shares of Axon Enterprise from $330.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group started coverage on shares of Axon Enterprise in a report on Wednesday, July 17th. They issued a “buy” rating and a $385.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.38.

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.