Institute for Wealth Management LLC. Sells 139 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Institute for Wealth Management LLC. lowered its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,750 shares of the biotechnology company’s stock after selling 139 shares during the quarter. Axon Enterprise comprises 0.9% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 14th biggest holding. Institute for Wealth Management LLC.’s holdings in Axon Enterprise were worth $5,360,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AXON. ICA Group Wealth Management LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in shares of Axon Enterprise during the first quarter valued at about $29,000. BKM Wealth Management LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at about $32,000. First Capital Advisors Group LLC. acquired a new position in shares of Axon Enterprise during the second quarter valued at about $33,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of Axon Enterprise during the second quarter valued at about $35,000. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

AXON traded down $4.95 on Friday, hitting $292.64. The company’s stock had a trading volume of 326,998 shares, compared to its average volume of 466,977. The company’s 50 day simple moving average is $300.42 and its 200-day simple moving average is $257.30. The firm has a market cap of $22.08 billion, a P/E ratio of 129.39 and a beta of 0.93. Axon Enterprise, Inc. has a 12 month low of $175.37 and a 12 month high of $329.87. The company has a quick ratio of 2.66, a current ratio of 3.00 and a debt-to-equity ratio of 0.42.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Tuesday, February 27th. The biotechnology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.48 by $0.29. The company had revenue of $432.14 million during the quarter, compared to the consensus estimate of $418.97 million. Axon Enterprise had a net margin of 11.14% and a return on equity of 14.11%. Analysts forecast that Axon Enterprise, Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Axon Enterprise from $297.00 to $339.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. TheStreet downgraded shares of Axon Enterprise from a “b” rating to a “c+” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Axon Enterprise from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird upped their price objective on shares of Axon Enterprise from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Barclays increased their target price on shares of Axon Enterprise from $296.00 to $308.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $312.64.

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.