The Manufacturers Life Insurance Company acquired a new position in TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,198 shares of the industrial products company’s stock, valued at approximately $1,011,000. The Manufacturers Life Insurance Company owned 0.08% of TASER International at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its stake in shares of TASER International by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,460 shares of the industrial products company’s stock worth $313,000 after acquiring an additional 500 shares during the period. Parallel Advisors LLC lifted its stake in shares of TASER International by 13.5% in the second quarter. Parallel Advisors LLC now owns 4,200 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 500 shares during the period. FNY Partners Fund LP lifted its stake in shares of TASER International by 25.0% in the second quarter. FNY Partners Fund LP now owns 5,000 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,000 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of TASER International in the second quarter worth approximately $102,000. Finally, SG Americas Securities LLC acquired a new position in shares of TASER International in the second quarter worth approximately $118,000. 96.23% of the stock is currently owned by institutional investors.

AAXN has been the topic of a number of recent analyst reports. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, October 31st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of TASER International in a research note on Wednesday, November 8th. Finally, Dougherty & Co cut their price objective on TASER International from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.50.

TASER International, Inc. (NASDAQ AAXN) opened at $21.12 on Tuesday. TASER International, Inc. has a 12 month low of $20.57 and a 12 month high of $28.49. The stock has a market capitalization of $1,119.63, a P/E ratio of 88.17, a price-to-earnings-growth ratio of 3.56 and a beta of 1.17.

TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). TASER International had a net margin of 4.32% and a return on equity of 7.91%. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same period last year, the firm posted $0.07 earnings per share. TASER International’s quarterly revenue was up 25.6% compared to the same quarter last year. equities research analysts anticipate that TASER International, Inc. will post 0.24 EPS for the current fiscal year.

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TASER International Company 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.

Institutional Ownership by Quarter for TASER International (NASDAQ:AAXN)

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