TCI Wealth Advisors Inc. Decreases Position in Axon Enterprise Inc (AAXN)

TCI Wealth Advisors Inc. decreased its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,978 shares of the industrial products company’s stock after selling 180 shares during the quarter. Axon Enterprise accounts for approximately 1.4% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. TCI Wealth Advisors Inc. owned 0.10% of Axon Enterprise worth $3,155,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Axon Enterprise by 1.5% during the fourth quarter. BlackRock Inc. now owns 9,878,397 shares of the industrial products company’s stock worth $432,180,000 after purchasing an additional 150,189 shares during the period. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 238,066 shares during the period. Vanguard Group Inc lifted its holdings in 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 acquiring an additional 238,066 shares during the period. Villere ST Denis J & Co. LLC lifted its holdings in Axon Enterprise by 25.7% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock valued at $61,037,000 after acquiring an additional 284,945 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Axon Enterprise by 116.2% in the fourth quarter. Victory Capital Management Inc. now owns 797,232 shares of the industrial products company’s stock valued at $34,879,000 after acquiring an additional 428,547 shares during the period. 80.08% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Michael Garnreiter sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the transaction, the director now owns 33,261 shares of the company’s stock, valued at approximately $1,995,660. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Luke Larson sold 36,295 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $51.59, for a total value of $1,872,459.05. Following the completion of the transaction, the president now directly owns 103,110 shares in the company, valued at approximately $5,319,444.90. The disclosure for this sale can be found here. Insiders have sold 119,057 shares of company stock worth $6,131,430 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

AAXN has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, January 7th. BidaskClub cut Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. ValuEngine cut Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 4th. Raymond James upgraded Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a research report on Monday. Finally, Zacks Investment Research upgraded Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, January 9th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Axon Enterprise currently has an average rating of “Buy” and an average price target of $68.25.

NASDAQ AAXN traded up $0.80 on Thursday, reaching $60.92. 357,051 shares of the company were exchanged, compared to its average volume of 609,241. The firm has a market capitalization of $3.55 billion, a P/E ratio of 121.84, a price-to-earnings-growth ratio of 4.44 and a beta of 0.89. Axon Enterprise Inc has a fifty-two week low of $39.43 and a fifty-two week high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The company had revenue of $114.79 million for the quarter, compared to analyst estimates of $104.03 million. Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. On average, equities research analysts predict that Axon Enterprise Inc will post 0.53 earnings per share for the current fiscal year.

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Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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