Fmr LLC Takes $198.83 Million Position in TASER International, Inc. (AAXN)
Fmr LLC bought a new position in TASER International, Inc. (NASDAQ:AAXN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,908,758 shares of the industrial products company’s stock, valued at approximately $198,826,000. Fmr LLC owned approximately 15.00% of TASER International as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of AAXN. PNC Financial Services Group Inc. bought a new stake in shares of TASER International in the second quarter valued at approximately $102,000. Parallel Advisors LLC lifted its stake in shares of TASER International by 13.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $103,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of TASER International during the 2nd quarter valued at approximately $118,000. FNY Partners Fund LP lifted its stake in shares of TASER International by 25.0% during the 2nd quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,000 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in TASER International in the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
A number of research analysts recently weighed in on AAXN shares. ValuEngine upgraded shares of TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded TASER International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.33.
TASER International, Inc. (NASDAQ:AAXN) opened at 23.20 on Wednesday. TASER International, Inc. has a 12-month low of $21.18 and a 12-month high of $28.99. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 72.50 and a beta of 0.98. The firm’s 50-day moving average price is $23.02 and its 200-day moving average price is $23.93.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $79.64 million for the quarter, compared to analysts’ expectations of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue was up 35.5% compared to the same quarter last year. On average, equities analysts predict that TASER International, Inc. will post $0.24 EPS for the current fiscal year.
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TASER International Profile
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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