State of New Jersey Common Pension Fund D bought a new stake in shares of TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 500,000 shares of the industrial products company’s stock, valued at approximately $12,570,000. State of New Jersey Common Pension Fund D owned approximately 0.95% of TASER International at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. LS Investment Advisors LLC bought a new position in TASER International during the second quarter valued at approximately $150,000. CENTRAL TRUST Co bought a new position in TASER International during the second quarter valued at approximately $163,000. Sapphire Star Partners LP bought a new position in TASER International during the first quarter valued at approximately $201,000. Navellier & Associates Inc bought a new position in TASER International during the first quarter valued at approximately $201,000. Finally, State of Alaska Department of Revenue bought a new position in TASER International during the second quarter valued at approximately $261,000. 80.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of TASER International, Inc. (NASDAQ AAXN) traded up 2.75% on Friday, reaching $22.07. 1,041,968 shares of the company’s stock traded hands. TASER International, Inc. has a 52 week low of $21.18 and a 52 week high of $29.68. The firm’s 50 day moving average is $24.50 and its 200 day moving average is $24.45. The firm has a market capitalization of $1.16 billion, a P/E ratio of 68.97 and a beta of 0.96.
TASER International (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $79.64 million for the quarter, compared to analyst estimates of $74.46 million. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Analysts expect that TASER International, Inc. will post $0.25 earnings per share for the current fiscal year.
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Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of TASER International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine downgraded shares of TASER International from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Finally, Craig Hallum increased their target price on shares of TASER International from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. 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. TASER International currently has an average rating of “Hold” and an average target price of $27.33.
About TASER International
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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