Janus Henderson Group PLC lifted its holdings in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,663,788 shares of the industrial products company’s stock after purchasing an additional 11,433 shares during the quarter. Janus Henderson Group PLC owned approximately 3.14% of Axon Enterprise worth $37,718,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of Axon Enterprise during the 2nd quarter worth $369,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Axon Enterprise during the 2nd quarter worth $425,000. BlackRock Inc. bought a new stake in shares of Axon Enterprise during the 2nd quarter worth $189,870,000. JPMorgan Chase & Co. bought a new stake in shares of Axon Enterprise during the 2nd quarter worth $4,363,000. Finally, State of Tennessee Treasury Department bought a new stake in shares of Axon Enterprise during the 2nd quarter worth $1,229,000. Institutional investors own 95.73% of the company’s stock.
Several analysts recently issued reports on AAXN shares. BidaskClub raised shares of Axon Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, October 31st. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a report on Wednesday, November 8th. ValuEngine raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Dougherty & Co reduced their price target on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Axon Enterprise currently has a consensus rating of “Hold” and an average target price of $28.50.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The company had revenue of $90.26 million during the quarter, compared to the consensus estimate of $82.89 million. During the same period last year, the company earned $0.07 earnings per share. Axon Enterprise’s revenue for the quarter was up 25.6% on a year-over-year basis. equities analysts anticipate that Axon Enterprise Inc will post 0.14 EPS for the current year.
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About Axon Enterprise
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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