Pictet Asset Management SA Has $5.66 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Posted by Defense World Staff on Aug 24th, 2023

Pictet Asset Management SA grew its position in Axon Enterprise, Inc. (NASDAQ:AXON – Free Report) by 222.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,183 shares of the biotechnology company’s stock after buying an additional 17,384 shares during the quarter. Pictet Asset Management SA’s holdings in Axon Enterprise were worth $5,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new position in Axon Enterprise during the 4th quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC acquired a new position in Axon Enterprise during the 4th quarter worth approximately $29,000. Spire Wealth Management acquired a new position in Axon Enterprise during the 1st quarter worth approximately $31,000. Roble Belko & Company Inc acquired a new position in Axon Enterprise during the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Axon Enterprise during the 4th quarter worth approximately $42,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Up 0.7 %

Axon Enterprise stock opened at $200.30 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.38 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $192.43 and its 200 day moving average is $203.56. Axon Enterprise, Inc. has a 12-month low of $109.31 and a 12-month high of $229.95. The company has a market capitalization of $14.97 billion, a PE ratio of 149.48 and a beta of 0.88.

Analyst Ratings Changes

A number of research firms have weighed in on AXON. StockNews.com began coverage on shares of Axon Enterprise in a report on Wednesday. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Axon Enterprise from a “neutral” rating to an “overweight” rating and set a $236.00 target price on the stock in a report on Thursday, May 11th. Northland Securities boosted their target price on shares of Axon Enterprise from $227.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Robert W. Baird boosted their target price on shares of Axon Enterprise from $237.00 to $240.00 in a report on Thursday, May 11th. Finally, TheStreet lowered shares of Axon Enterprise from a “b-” rating to a “c+” rating in a research note on Friday, May 26th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

Get Our Latest Stock Report on AXON

Insider Activity

In other news, Director Julie A. Cullivan sold 1,180 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $196.00, for a total value of $231,280.00. Following the completion of the sale, the director now owns 5,882 shares in the company, valued at $1,152,872. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Axon Enterprise news, Director Julie A. Cullivan sold 1,180 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $196.00, for a total transaction of $231,280.00. Following the completion of the transaction, the director now owns 5,882 shares in the company, valued at $1,152,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joshua Isner sold 1,482 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $196.88, for a total transaction of $291,776.16. Following the transaction, the chief operating officer now owns 319,803 shares of the company’s stock, valued at approximately $62,962,814.64. The disclosure for this sale can be found here. Insiders sold a total of 52,445 shares of company stock worth $10,136,611 over the last quarter. Insiders own 6.10% of the company’s stock.

Axon Enterprise Company Profile

(Free Report)

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.