William Blair Investment Management LLC Sells 43,156 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

William Blair Investment Management LLC lessened its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,363,889 shares of the biotechnology company’s stock after selling 43,156 shares during the period. Axon Enterprise comprises 0.9% of William Blair Investment Management LLC’s portfolio, making the stock its 20th largest holding. William Blair Investment Management LLC’s holdings in Axon Enterprise were worth $266,122,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AXON. Capital International Investors lifted its stake in shares of Axon Enterprise by 605.2% during the first quarter. Capital International Investors now owns 2,660,634 shares of the biotechnology company’s stock valued at $366,449,000 after acquiring an additional 2,283,343 shares during the period. Sands Capital Management LLC acquired a new position in shares of Axon Enterprise during the first quarter valued at $222,280,000. BlackRock Inc. lifted its stake in shares of Axon Enterprise by 11.7% during the first quarter. BlackRock Inc. now owns 8,329,479 shares of the biotechnology company’s stock valued at $1,872,883,000 after acquiring an additional 870,481 shares during the period. Norges Bank acquired a new position in shares of Axon Enterprise during the fourth quarter valued at $102,920,000. Finally, State Street Corp lifted its stake in shares of Axon Enterprise by 12.6% during the first quarter. State Street Corp now owns 2,377,095 shares of the biotechnology company’s stock valued at $534,484,000 after acquiring an additional 266,465 shares during the period. Institutional investors own 76.52% of the company’s stock.

Axon Enterprise Stock Up 1.5 %

Shares of NASDAQ AXON traded up $3.41 during mid-day trading on Monday, reaching $226.89. 113,081 shares of the company’s stock were exchanged, compared to its average volume of 791,105. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 116.08 and a beta of 0.85. The company has a current ratio of 3.15, a quick ratio of 2.78 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $209.07 and a 200 day simple moving average of $200.52. Axon Enterprise, Inc. has a twelve month low of $162.39 and a twelve month high of $231.71.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXON. Northland Securities upped their price target on Axon Enterprise from $227.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Raymond James upped their price target on Axon Enterprise from $223.00 to $233.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. StockNews.com assumed coverage on Axon Enterprise in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet raised Axon Enterprise from a “c” rating to a “b” rating in a research note on Tuesday, November 7th. Finally, Morgan Stanley assumed coverage on Axon Enterprise in a research note on Tuesday, August 22nd. They issued an “equal weight” rating and a $230.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $245.64.

Insider Buying and Selling

In related news, President Joshua Isner sold 29,699 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $196.37, for a total transaction of $5,831,992.63. Following the completion of the transaction, the president now directly owns 356,489 shares in the company, valued at $70,003,744.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Joshua Isner sold 29,699 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $196.37, for a total transaction of $5,831,992.63. Following the completion of the transaction, the president now directly owns 356,489 shares in the company, valued at $70,003,744.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julie A. Cullivan sold 515 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $214.47, for a total value of $110,452.05. Following the transaction, the director now owns 5,367 shares of the company’s stock, valued at $1,151,060.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,381 shares of company stock worth $14,889,269. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise 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.