State Street Corp Invests $57.88 Million in TASER International, Inc. (AAXN)
State Street Corp bought a new stake in shares of TASER International, Inc. (NASDAQ:AAXN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,302,427 shares of the industrial products company’s stock, valued at approximately $57,884,000. State Street Corp owned about 4.37% of TASER International as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of TASER International during the second quarter valued at approximately $102,000. Parallel Advisors LLC grew its stake in shares of TASER International by 13.5% during the second 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of TASER International during the second quarter valued at approximately $118,000. FNY Partners Fund LP grew its stake in shares of TASER International by 25.0% during the second 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 during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of TASER International during the second quarter valued at approximately $135,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on AAXN shares. Zacks Investment Research raised TASER International from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday. ValuEngine raised TASER International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.00.
TASER International (NASDAQ:AAXN) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. TASER International had a net margin of 5.45% and a return on equity of 10.47%. The firm had revenue of $79.64 million during the quarter, compared to the consensus estimate of $74.46 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis.
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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.
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