Rhumbline Advisers lifted its holdings in shares of TASER International, Inc. (NASDAQ:AAXN) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,436 shares of the industrial products company’s stock after acquiring an additional 3,100 shares during the quarter. Rhumbline Advisers owned 0.21% of TASER International worth $2,504,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of AAXN. Aperio Group LLC purchased a new stake in shares of TASER International during the second quarter valued at approximately $364,000. Municipal Employees Retirement System of Michigan grew its holdings in TASER International by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 500 shares during the period. Great West Life Assurance Co. Can bought a new position in TASER International during the second quarter valued at $1,908,000. Texas Permanent School Fund bought a new position in TASER International during the second quarter valued at $968,000. Finally, IFP Advisors Inc bought a new position in TASER International during the second quarter valued at $337,000. 95.76% of the stock is owned by institutional investors.
TASER International, Inc. (NASDAQ:AAXN) opened at $24.50 on Monday. TASER International, Inc. has a twelve month low of $20.57 and a twelve month high of $28.17. The company has a market capitalization of $1,300.00, a price-to-earnings ratio of 102.10, a PEG ratio of 5.77 and a beta of 1.19.
Several equities analysts have weighed in on the company. BidaskClub lowered TASER International from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, October 31st. Oppenheimer reissued a “hold” rating on shares of TASER International in a report on Friday, November 17th. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Dougherty & Co reduced their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.50.
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About TASER International
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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