Axon Enterprise (NASDAQ:AXON) Given Outperform Rating at William Blair

William Blair reissued their outperform rating on shares of Axon Enterprise (NASDAQ:AXON) in a report issued on Wednesday, RTT News reports.

A number of other brokerages have also issued reports on AXON. Morgan Stanley raised their price objective on shares of Axon Enterprise from $250.00 to $285.00 and gave the company an equal weight rating in a report on Wednesday, February 28th. StockNews.com lowered shares of Axon Enterprise from a buy rating to a hold rating in a report on Thursday, March 14th. Barclays raised their price objective on shares of Axon Enterprise from $296.00 to $308.00 and gave the company an overweight rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of Axon Enterprise from $330.00 to $365.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, Robert W. Baird raised their price target on shares of Axon Enterprise from $260.00 to $300.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $312.64.

Axon Enterprise Trading Up 0.3 %

AXON opened at $302.41 on Wednesday. The company’s 50 day moving average is $302.15 and its 200-day moving average is $260.29. Axon Enterprise has a 1-year low of $175.37 and a 1-year high of $329.87. The company has a current ratio of 3.00, a quick ratio of 2.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $22.82 billion, a P/E ratio of 131.48 and a beta of 0.93.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.29. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. The company had revenue of $432.14 million for the quarter, compared to the consensus estimate of $418.97 million. Equities research analysts predict that Axon Enterprise will post 2.44 earnings per share for the current fiscal year.

Institutional Trading of Axon Enterprise

Several hedge funds have recently modified their holdings of AXON. Norges Bank bought a new stake in shares of Axon Enterprise in the 4th quarter valued at $195,406,000. Sands Capital Management LLC increased its stake in shares of Axon Enterprise by 31.1% in the 3rd quarter. Sands Capital Management LLC now owns 2,612,305 shares of the biotechnology company’s stock valued at $519,823,000 after acquiring an additional 619,179 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Axon Enterprise by 184.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 696,193 shares of the biotechnology company’s stock valued at $138,535,000 after acquiring an additional 451,350 shares in the last quarter. Polar Capital Holdings Plc grew its position in Axon Enterprise by 292.0% in the 3rd quarter. Polar Capital Holdings Plc now owns 265,464 shares of the biotechnology company’s stock valued at $52,825,000 after purchasing an additional 197,746 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Axon Enterprise by 28.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 726,400 shares of the biotechnology company’s stock valued at $144,546,000 after purchasing an additional 160,359 shares during the period. Institutional investors own 79.08% of the company’s stock.

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.