PNC Financial Services Group Inc. Buys 840 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

PNC Financial Services Group Inc. lifted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 17.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,627 shares of the biotechnology company’s stock after buying an additional 840 shares during the period. PNC Financial Services Group Inc.’s holdings in Axon Enterprise were worth $2,249,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of Axon Enterprise by 9.2% in the 3rd quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock worth $4,227,000 after acquiring an additional 895 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in Axon Enterprise in the 3rd quarter worth about $221,000. Sequoia Financial Advisors LLC increased its stake in Axon Enterprise by 4.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after buying an additional 81 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Axon Enterprise during the 3rd quarter worth approximately $814,000. Finally, Jag Capital Management LLC boosted its stake in shares of Axon Enterprise by 9.7% in the 3rd quarter. Jag Capital Management LLC now owns 56,086 shares of the biotechnology company’s stock worth $22,412,000 after buying an additional 4,954 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of recent analyst reports. Craig Hallum lifted their price target on Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Northland Securities lifted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, JMP Securities increased their target price on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $427.83.

Insider Activity

In other Axon Enterprise news, CEO Patrick W. Smith sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $364.02, for a total value of $18,201,000.00. Following the completion of the transaction, the chief executive officer now owns 2,980,861 shares in the company, valued at $1,085,093,021.22. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeri Williams sold 110 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $400.00, for a total value of $44,000.00. Following the sale, the director now owns 1,934 shares in the company, valued at approximately $773,600. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 260,256 shares of company stock worth $105,984,120. 5.70% of the stock is owned by corporate insiders.

Axon Enterprise Trading Down 2.8 %

Shares of AXON stock opened at $619.00 on Tuesday. The stock has a market capitalization of $47.20 billion, a price-to-earnings ratio of 159.95, a PEG ratio of 14.02 and a beta of 0.94. The company’s fifty day simple moving average is $468.24 and its two-hundred day simple moving average is $370.65. Axon Enterprise, Inc. has a 1 year low of $224.28 and a 1 year high of $641.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Axon Enterprise Company Profile

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.